Market Sniper - Trading/Scalping Suite

3 jun 2020

Welcome to Market Sniper.

Market sniper is meant to be a suite for trading/scalping alongside my indicators script, RSI, Stochastic and Horizontals.

It is based on over 15 Indicators/Oscillators so there is no need for convoluted charts and constantly changing charts/indicators for a better understanding of the market.

Warnings:

• I can't stress this enough! This isn't a magic pill that will transform your illiterate grandmother into an expert trader! This is a very powerful tool whose function is to complement your trading/save time (and yes, with practice be your main trading tool).
  
• This algorithm requires setting up and training to be used correctly, please do not expect to load it up and immediately be scalping the 1s charts.
  
• This algorithm is heavy and might require constant refreshes of the browser on slower computers.
  
• Labels overlap at the moment, working on this part at the moment. So, always zoom in before doing a trade / change the "+- signals in settings"
  
• Candlestick patterns need tweaking, I personally have it off and use my own judgement atm.
  

What it includes:

• Trend reversal / continuation (Macd, Stochastics, money flow , CCI , momentum, DIOSC (automatic trendlines ), SuperTrend, Moving averages, etc, etc.)
  
• RSI divergence drive / drive counter (base code from Libertus, check his profile as he has very helpful scripts)
  
• Bull Market expansions for longterm take profit and increasing position
  
• Candlestick patterns
  

Trend reversal / Continuation

• Green = Bullish reversal
  
• Red = Bearish trend reversal
  
• Orange = Trend continuation / strengthening
  

Trend Continuation/Strengthening
A warning here, trend strengthening also means that many times the indicators are overextended or close to it
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The numbers reflect the amount of indicators that are signaling a reversal over the specified period on the settings.
For higher timeframes this setting should be on a lower value and the opposite for lower timeframes.
This works on every market and every timeframe(according to months of my own paper and real trading). Remember that each market/asset/commodity has different soft spots so tweaking, backtesting and present accuracy review should be of maximum priority.





Bull Market expansion phase


Warning:

• The indicator purposely does not show any signals during bear markets. It is my opinion bear markets complexity render this tool close to useless.
  
• It was designed to be used in higher timeframes, tough it SEEMS to have a good track record / be useful in lower timeframes.
  
• it will ALWAYS give a fake signal at the end of a bull market because of the very nature of the code.
  

It is based of EMAs, RSI and Stochastic




Candlestick Patterns



Bullish candlestick patterns:

• Hammer
  
• Inverted Hammer
  
• Dragonfly
  
• Gravestone
  

Bearish candlestick pattern:

• Shooting Star
  
• Hanging Man
  
• Gravestone
  
• Dragonfly
  

RSI divergence drive


- Credit to Libertus for the base code of this section

The green triangle means there are at least 2 drives of valid divergence, yellow for 3 and red for 4+.
The script shows triangles when confirmation candle closes.
You need to know how divergence works to use this section. investopedia can easily get you there.
For cryptos I use 2-4h+ timeframes, for traditional markets I use 15min+ for forex I use it basically in every timeframe.

For questions/suggestions and access PM me in the platform itself and don't forget -> FEEDBACK IS IMPORTANT

Thank you all