PROTECTED SOURCE SCRIPT

Supertrend Filtered Sniper

154
Supertrend + QQE MOD + DEMA + VWAP Multi-Confluence Strategy

A professional-grade indicator combining multiple technical confluences for high-probability trade signals

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

📊 OVERVIEW

This indicator combines 4 powerful technical systems into one comprehensive trading tool. It only generates signals when ALL confluences agree, resulting in fewer but higher-quality trade opportunities. Perfect for day traders, scalpers, and prop firm challenges.

✅ Signals only fire when ALL conditions align:
- Both Supertrends bullish/bearish
- Price on correct side of DEMA 200
- QQE MOD confirmation
- Optional: VWAP filter, ADX filter, RSI filter, Session filter

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

🔧 CORE COMPONENTS

1. Dual Supertrend System
- Supertrend #1: Primary trend identification (default: 10 period, 2.0 multiplier)
- Supertrend #2: Fast trend + exit signal (default: 1 period, 2.0 multiplier)
- Both must agree for entry signals
- ST2 flip triggers automatic exit signals

2. DEMA 200 Filter
- Double Exponential Moving Average for major trend direction
- Longs only: Price above DEMA
- Shorts only: Price below DEMA
- Gradient visualization shows trend strength

3. QQE MOD (Quantitative Qualitative Estimation)
- Advanced momentum oscillator with Bollinger Bands
- Identifies strong directional moves
- Filters out weak/choppy conditions
- Based on dual RSI calculations with dynamic thresholds

4. VWAP Filter (Optional)
- Volume Weighted Average Price for institutional flow
- Longs only: Above VWAP
- Shorts only: Below VWAP
- Ensures you trade with institutional momentum

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

⚙️ ADDITIONAL FILTERS

Session Filter
Choose which trading sessions to allow signals:
- Asian: 6PM - 3AM EST (Tokyo hours)
- London: 3AM - 8AM EST (London open)
- New York: 8AM - 4PM EST (US market hours)
- After Hours: 4PM - 6PM EST
- Enable multiple sessions or just one - your choice!

ADX Filter (Optional)
- Only take signals when ADX > threshold (default 18)
- Ensures strong trending conditions
- Filters out ranging/choppy markets

RSI Filter (Optional)
- Avoid overbought longs (>80 RSI)
- Avoid oversold shorts (<20 RSI)
- Prevents counter-trend entries at extremes

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

📈 HOW TO USE

Entry Signals:
- BUY: Green "BUY" label appears when all bullish confluences align
- SELL: Red "SELL" label appears when all bearish confluences align
- Signals only fire once per setup (no repetitive alerts)

Exit Signals:
- EXIT: Orange "X" appears when Supertrend #2 flips direction
- Automatic exit logic built-in
- Can also exit at predetermined R:R targets

Status Table:
- Real-time confluence dashboard
- Shows each indicator's current state
- Green checkmarks = conditions met
- Easy visual confirmation before entering

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

🎨 VISUAL FEATURES

- Gradient Supertrend lines with transparency
- Color-coded candles based on DEMA position
- Automatic highlighting of trend zones
- Clear BUY/SELL/EXIT labels
- Yellow VWAP line (toggleable)
- Professional status table with checkmarks
- Small circles mark Supertrend direction changes

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

🔔 ALERT SYSTEM

Pre-configured alerts for:
- BUY Signal Confirmed
- SELL Signal Confirmed
- EXIT Long Position
- EXIT Short Position
- Any Entry Signal (combined)
- Any Exit Signal (combined)

Set once-per-bar-close alerts for automated trading

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

⚠️ RISK DISCLAIMER

This indicator is a tool for analysis and should not be used as the sole basis for trading decisions. Always:
- Backtest thoroughly before live trading
- Use proper risk management (1% rule)
- Consider market conditions and fundamentals
- Practice on demo accounts first
- Never risk more than you can afford to lose

Past performance does not guarantee future results.

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

📝 CREDITS

Original concept inspired by UNITED's confluence strategy
Enhanced and coded by jaredskii with assistance from ChatGPT
QQE MOD calculations based on standard QQE indicator methodology

Exención de responsabilidad

La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.