Snipper ZZ
- Indicators
- Version: 1.0
Sniper ZZ — Precision Entry. Clean Signals.
Sniper ZZ is a lightweight MetaTrader 5 indicator that automatically draws Fibonacci retracement levels 0.382 and 0.618 from confirmed ZigZag swings. No more manual Fibonacci drawing — every time a new swing is confirmed, Sniper ZZ instantly calculates and displays the exact 0.382 and 0.618 retracement levels with price labels.
WHAT MAKES SNIPER ZZ DIFFERENT?
Most Fibonacci indicators alert you on EVERY touch — flooding you with false signals. Sniper ZZ uses a SMART PIN BAR FILTER: alerts only fire when a candle closes at the Sniper level AND forms a pin bar (wick ≥ 1.5× body). This eliminates noise and delivers only high-quality entry signals.
9 CORE FEATURES:
1. CONFIRMED ZIGZAG SWINGS
Swing detection via state machine. Only confirmed swings
(validated by the next opposing swing) are used — no repaint
noise from unconfirmed pivots.
2. AUTO FIBONACCI 0.382 & 0.618
Horizontal lines + price labels drawn automatically from the
most recent confirmed swing range. Updates instantly when a
new swing is confirmed.
3. SMART PIN BAR ALERT
The standout feature. Alert triggers ONLY when:
✓ Candle close touches 0.382 or 0.618 level
✓ Candle forms a PIN BAR (wick ≥ 1.5× body)
✓ Anti-spam: one alert per candle per level
Result: clean signals, not noise.
4. RAY LINES — Swing Momentum
Diagonal lines from High[1]→High[0] and Low[1]→Low[0].
Visually assess whether swing momentum is accelerating
(bullish) or decelerating (bearish).
5. SWING TREND LINES — Dynamic S/R
Trend lines from 3-swing structure: High[2]→High[0] for
resistance, Low[2]→Low[0] for support. Real structure-based
dynamic support and resistance.
6. TARGET UP/DOWN — Take Profit
100% projection + Fibonacci Extension (default 1.618) above
and below the last swing. Entry at 0.382/0.618 → TP at Target.
7. VWAP INTRADAY
Volume Weighted Average Price — resets daily. Confirms intraday
direction: price above VWAP = bullish, below = bearish.
8. CANDLE TIMER
Real-time countdown (updates every second). Know exactly when
the next candle closes.
9. LIGHTWEIGHT & STANDALONE
42KB, one file. Zero dependencies. No includes. No license keys.
Copy sniper.ex5 → use it. Compatible with ALL CPUs (X64 Regular).
HOW TO USE:
1. Attach Sniper ZZ to your MT5 chart
2. Identify swing direction from ZigZag + Ray Lines
3. Wait for price to retrace to 0.382 or 0.618
4. Alert fires → confirm pin bar is valid
5. Enter on next candle open
6. SL below 0.618 (buy) / above 0.618 (sell)
7. TP at Target Up/Down (100% or Fibo Extension)
PERFECT FOR:
✓ Scalpers — precision entries on M1/M5 with pin bar alerts
✓ Day Traders — VWAP + Sniper confirmation on M15/H1
✓ Swing Traders — multi-TF: H1 for direction, M15 for entry
✓ Beginners — alerts tell you exactly when to watch the chart
✓ Pros — lightweight confirmation tool for existing setups
TECHNICAL SPECS:
Platform........... MetaTrader 5
File............... sniper.ex5 (42 KB)
Buffers............ 4 (High, Low, Line, VWAP)
Parameters......... 34 (5 sections)
Timeframes......... All (M1 through MN)
Instruments........ All (Forex, Indices, Commodities, Crypto)
Dependencies....... NONE — completely standalone
CPU Compatibility.. X64 Regular (all Intel/AMD CPUs, no AVX required)
Language........... Native MQL5
