ð¯ PRO SNIPER Algotrend 10 Factors. One Signal. Zero Guesswork.
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Buy iNDICATOR on cTrader: ð TABLE OF CONTENTS General Overview How It Works â Signal Architecture The Confluence Scoring Engine (10 Factors) Parameters â Detailed Guide for Every Setting Auto-Presets â Comparative Table The Grading System (A+, A, B, C) Risk Management â SL, TP & Trailing Dashboard & Backtest Tracker Practical Usage Tips Strengths & Limitations 1. ð GENERAL OVERVIEW Pro Sniper is a multi-confluence overlay indicator designed to generate high-reliability Long and Short signals. It does not rely on a single indicator â instead, it combines 10 different technical factors into a confluence score ranging from 0 to 10. A signal only fires when the score exceeds the configured minimum threshold. The underlying concept is simple yet powerful: a single indicator (e.g. RSI in oversold territory) can produce false signals. But when RSI, MACD, EMA, VWAP, Volume, ADX, and the higher-timeframe trend all point in the same direction simultaneously, the probability of the trade working out increases significantly. The indicator also includes a complete trade management system with 3 Take Profit levels, structural Stop Loss, and automatic trailing stop, plus a built-in backtest tracker that displays historical performance statistics in real time. 2. âïž HOW IT WORKS â SIGNAL ARCHITECTURE A Pro Sniper signal is born from the convergence of 6 simultaneous conditions: Condition 1 â EMA Crossover ð The Fast EMA must cross the Slow EMA. An upward cross = Long candidate, a downward cross = Short candidate. Without this crossover, no signal can ever fire. This is the fundamental "trigger." Condition 2 â Momentum ð For a Long, price must be above both the Fast EMA and the Slow EMA. For a Short, below both. This filters out false crossovers where price is "trapped" between the two moving averages. Condition 3 â RSI Filter ð RSI must not be in an extreme zone: for Longs it must be below 75 (not overbought), for Shorts above 25 (not oversold). This prevents entries when momentum is already exhausted. Condition 4 â Minimum Score ð The confluence score (0 to 10, calculated across 10 factors) must reach the configured minimum threshold. With the Default preset, at least 5/10 is required. Condition 5 â Grade Filter ð The signal must pass the selected quality filter (All, A+/A, or A+ Only). Condition 6 â Direction ð« Consecutive signals in the same direction are not generated. After a Long, the next signal can only be a Short (or a new Long after the SL has been hit and the direction has been reset). 3. ð§® THE CONFLUENCE SCORING ENGINE The heart of the indicator is its scoring engine. For each bar, both a bullScore and a bearScore are calculated, each composed of 10 factors: For LONG Signals (Bull Score): #FactorConditionWeight 1 ð EMA Direction Fast EMA Slow EMA +1.0 2 ð Macro Trend Price Trend EMA (long-period) +1.0 3 ðª RSI Momentum RSI between 50 and 75 (positive momentum, not exhausted) +1.0 4 ð MACD Histogram MACD Histogram 0 +1.0 5 ð MACD Cross MACD Line Signal Line +1.0 6 âïž VWAP Position Price VWAP (above the volume-weighted average price) +1.0 7 ðŠ Volume Current volume SMA(20) à 1.2 (above-average volume) +1.0 8 ð¯ ADX + DI ADX 20 and DI+ DI- (strong trend in the right direction) +1.0 9 ð HTF Bias Fast EMA Slow EMA on the higher timeframe +1.5 10 âš Price vs Fast Price Fast EMA (additional confirmation) +0.5 Maximum theoretical score: 10.0 points ð Subscribe AlgoWall: Connect with AlgoTrend ð¬ Discord Community ð Official Website ð¢ Telegram Channel ð cTrader Store Upgrade to Pro â cTrader Store ð Follow us on X (Twitter) AlgoTrend â Smart Automation for Smart Traders ðð
