๐ฏ PRO SNIPER Algotrend 10 Factors. One Signal. Zero Guesswork.
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Buy iNDICATOR on cTrader: ๐ TABLE OF CONTENTS General Overview How It Works โ Signal Architecture The Confluence Scoring Engine (10 Factors) Parameters โ Detailed Guide for Every Setting Auto-Presets โ Comparative Table The Grading System (A+, A, B, C) Risk Management โ SL, TP & Trailing Dashboard & Backtest Tracker Practical Usage Tips Strengths & Limitations 1. ๐ญ 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 โ 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. โ๏ธ HOW IT WORKS โ SIGNAL ARCHITECTURE A Pro Sniper signal is born from the convergence of 6 simultaneous conditions: Condition 1 โ EMA Crossover ๐ 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 โ Momentum ๐ 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 โ RSI Filter ๐ 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 โ Minimum Score ๐ 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 โ Grade Filter ๐ The signal must pass the selected quality filter (All, A+/A, or A+ Only). Condition 6 โ Direction ๐ซ 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. ๐งฎ 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 ๐ EMA Direction Fast EMA Slow EMA +1.0 2 ๐ Macro Trend Price Trend EMA (long-period) +1.0 3 ๐ช RSI Momentum RSI between 50 and 75 (positive momentum, not exhausted) +1.0 4 ๐ MACD Histogram MACD Histogram 0 +1.0 5 ๐ MACD Cross MACD Line Signal Line +1.0 6 โ๏ธ VWAP Position Price VWAP (above the volume-weighted average price) +1.0 7 ๐ฆ Volume Current volume SMA(20) ร 1.2 (above-average volume) +1.0 8 ๐ฏ ADX + DI ADX 20 and DI+ DI- (strong trend in the right direction) +1.0 9 ๐ HTF Bias Fast EMA Slow EMA on the higher timeframe +1.5 10 โจ Price vs Fast Price Fast EMA (additional confirmation) +0.5 Maximum theoretical score: 10.0 points ๐ Subscribe AlgoWall: Connect with AlgoTrend ๐ฌ Discord Community ๐ Official Website ๐ข Telegram Channel ๐ cTrader Store Upgrade to Pro โ cTrader Store ๐ Follow us on X (Twitter) AlgoTrend โ Smart Automation for Smart Traders ๐๐
