FX Sniper Signal

5

Key Features of the Indicator:

  1. Buy & Sell Signals:

    • The indicator generates buy and sell signals based on specific conditions.

    • It uses the crossover of the Fast Moving Average (Fast MA) and Slow Moving Average (Slow MA) to determine market entries.

    • The RSI (Relative Strength Index) is used to identify buy signals when RSI is above 50 and below 75.

    • It also considers support and resistance levels for additional confirmation of signals.

  2. Trend Filter:

    • The market trend is identified using a Trend Moving Average (Trend MA), and this filter ensures that signals align with the prevailing market direction.

    • A buy signal is allowed if the price is above the trend MA.

    • A sell signal is allowed if the price is below the trend MA.

  3. Strong Candle Filter:

    • A filter is applied for strong candles, where a candle is considered strong if the body (difference between open and close prices) is significant compared to the total range of the candle.

  4. Support & Resistance Levels:

    • The indicator calculates the highest high and lowest low over a specified lookback period (defined by the SRLookback variable).

    • Support and resistance lines are drawn on the chart to assist traders in identifying key price levels.

  5. Alerts:

    • Alerts are triggered through Push Notifications, Sound Alerts, and Visual Alerts when a buy or sell signal occurs.

    • Alerts are sent only if a specified interval has passed since the last alert (controlled by the AlertInterval variable).

  6. Support and Resistance Lines:

    • If the option EnableDrawSupportResistance is enabled, Support and Resistance lines are drawn on the chart, helping traders identify key price levels.

  7. Signal Logging:

    • Buy and Sell signals are logged into a CSV file, which records time, price, and the timeframe of the signals.

    • This log allows traders to analyze historical signals and performance.

Overall Purpose:

The primary goal of this indicator is to help traders identify high-probability buy and sell signals by combining multiple technical indicators and filters. It aims to provide accurate market entries based on trend-following strategies and support/resistance levels. Additionally, the logging and alerting features help ensure timely notifications and analysis.


Reviews 3
ROMANSHEIFER
44
ROMANSHEIFER 2026.09.15 10:26 
 

pabotaet x0pasho

Aravind Kolanupaka
10395
Aravind Kolanupaka 2026.02.13 11:19 
 

Looking good. Thank you!

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ROMANSHEIFER
44
ROMANSHEIFER 2026.09.15 10:26 
 

pabotaet x0pasho

Mohammed Mamdouh Abdel Fattah Mohammed El Sayed
1428
Reply from developer Mohammed Mamdouh Abdel Fattah Mohammed El Sayed 2026.09.15 13:19
​6olshoe spasibo
Tim Marco Talarowski
652
Tim Marco Talarowski 2026.02.28 08:23 
 

User didn't leave any comment to the rating

Mohammed Mamdouh Abdel Fattah Mohammed El Sayed
1428
Reply from developer Mohammed Mamdouh Abdel Fattah Mohammed El Sayed 2026.07.29 14:17
Check your mt4 Uninstall and Re-install it to solve the problem
Aravind Kolanupaka
10395
Aravind Kolanupaka 2026.02.13 11:19 
 

Looking good. Thank you!

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