OPEN-SOURCE SCRIPT
SNIPER Mean Reversion V1

MR SNIPER (Mean Reversion)
### When to Use
- Market is **IN BALANCE** (ranging, consolidating)
- Price **breaks out but FAILS** to hold
- **London session** or compressed summer conditions
- Failed breakouts returning to value
### The Setup Sequence
```
1. BALANCE DETECTED
└── Price rotating around POC
2. BREAKOUT ATTEMPT
└── Price pushes beyond Value Area
3. FAILURE + RECLAIM ← KEY MOMENT
└── Price comes BACK inside balance
└── DO NOT trade first move back!
4. PULLBACK INTO LVN
└── Wait for pullback after reclaim
5. AGGRESSION CONFIRMATION
└── Entry candle shows buy/sell pressure
└── Volume elevated (1.2×+ average)
└── Fat body (60%+ of range)
6. ENTRY → TARGET: POC
```
### Signal Labels
- **MR↑** = Mean Reversion Long (failed breakdown)
- **MR↓** = Mean Reversion Short (failed breakout)
- **S/A/B** = Signal quality tier
### Risk Management
- **Stop**: Below recent low (long) / Above recent high (short)
- **Target**: POC (center of value)
- **Risk**: 0.25-0.5% per trade
### When to Use
- Market is **IN BALANCE** (ranging, consolidating)
- Price **breaks out but FAILS** to hold
- **London session** or compressed summer conditions
- Failed breakouts returning to value
### The Setup Sequence
```
1. BALANCE DETECTED
└── Price rotating around POC
2. BREAKOUT ATTEMPT
└── Price pushes beyond Value Area
3. FAILURE + RECLAIM ← KEY MOMENT
└── Price comes BACK inside balance
└── DO NOT trade first move back!
4. PULLBACK INTO LVN
└── Wait for pullback after reclaim
5. AGGRESSION CONFIRMATION
└── Entry candle shows buy/sell pressure
└── Volume elevated (1.2×+ average)
└── Fat body (60%+ of range)
6. ENTRY → TARGET: POC
```
### Signal Labels
- **MR↑** = Mean Reversion Long (failed breakdown)
- **MR↓** = Mean Reversion Short (failed breakout)
- **S/A/B** = Signal quality tier
### Risk Management
- **Stop**: Below recent low (long) / Above recent high (short)
- **Target**: POC (center of value)
- **Risk**: 0.25-0.5% per trade
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.