FX Sniper: Advanced Filtering for Major Currency Pairs

FX Sniper is designed to analyze Forex market structure, using filtering logic to identify potential trend and mean-reversion conditions. It adapts its sensitivity to the specific volatility characteristics of currency pairs like EURUSD and GBPUSD.

Core Technical Mechanics:

1. Slope Analysis Forex pairs often experience consolidation. FX Sniper uses a Regression Algorithm to quantify price movement:

• Dampening Factor: Applies a 0.8x coefficient to the volatility calculation to reduce sensitivity during potential "whipsaw" conditions.
• Multi-Timeframe Alignment: Checks for alignment between H1 trend direction and M15 momentum. The output indicates "Bullish" or "Bearish" bias only when multiple frames align.

2. Adaptive Strategy Logic The internal calculations adjust based on the selected setting:

• Trend Surfer: Prioritizes Slope Threshold (> 0.08) and disregards RSI overbought/oversold readings to follow momentum.
• Range Bound: Inverts the logic, looking for low Slope (< 0.03) combined with Bollinger Band interactions to identify potential reversals.
• Key Level Sniper: Filters signals to prioritize those occurring near H12 and Daily Pivot levels.

3. Rolling 48h/72h Pivots Provides an alternative to standard daily resets:

• Structure: Aggregates OHLC data from the last 48 or 72 hours.
• Calculation: (High + Low + Close) / 3 of this multi-day period.
• Application: Displays these levels on the chart as static reference points for the current session.

4. Path Projection

• Smoothing: The visualization line uses an exponential decay on the current slope, modeling momentum exhaustion.
• Dynamic Scaling: The line spans 4 bars into the future relative to the current timeframe (e.g., 4 hours on H1, 20 minutes on M5).

5. Margin Awareness

• Pip Value Calculator: Checks the symbol type (e.g., Cross-pair) to calculate point value.
• Status Panel: Monitors "Free Margin / Pip Value" to assist traders in understanding their exposure relative to market range.