marketmusician

Professor Snipe: A superadaptive moving average.

Prof. Snipe is a superadaptive, multi-purpose indicator I developed in order to judge market trend strength and show high probability entry points.

The indicator is focused around a zero lag moving average algorithm (SUPER-MA, ), that changes its parameters depending on the volatility (ATR) and trend strength ( ADX ).

If the price (black 3 period MA) is above the Super-MA, this indicates market momentum and strength. If price is below the Super-MA, price and momentum are showing weakness.

Micro-Signals are given based on smaller lag-free moving average crossovers (blue and red arrows), but entries will depend on the location of price, with respect to the super-MA.

Furthermore, to judge the current price position with respect to high timeframe averages, the algo will automatically show the location of the nearest moving averages for support and resistance .

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Entry Conditions example.:

For Longs:
Wait until the 4 hour trend flips bullish , price above Super-MA. Once it does, it will often retest the Super-MA as support. When that happens, use the next entry signal to go long.
For further safety, check the safety net (dotted hull moving average ) to see if price has broken above that too, for an optimal long.

-- use caution when entering longs if: price is floating around the super-ma (very weak trend) and if price is below super-ma.

For Shorts:
Wait until the 4 hour trend flips bearish , price below Super-MA. Once it does, use lower timeframes to find short entry points using the MA signals.

-- use caution when entering shorts if: price is floating around the super-ma (very weak trend) and if price is above super-ma.

DYOR and test it yourself to find what works for you.

BE AWARE!
Just following the entry and exit signals (arrows) will not give you perfect results.

Summary:
Overall, this is probably the best indicator I have ever created, and has a very high success rate when used properly.

Best,
MM

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Instrucciones del autor

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