Viprasol Sniper
- Indicateurs
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Puguh Andrie Setia Aji
I am an independent developer specializing in MetaTrader 5 Expert Advisors and trading indicators. - Version: 1.0
Viprasol Sniper Confluence is a multi-factor technical analysis indicator for MetaTrader 5. It combines several market conditions into a single chart interface to help traders evaluate market direction, momentum, trend structure, volatility, and price position.
The indicator calculates bullish and bearish conditions and presents the information through chart signals and an optional market dashboard. A configurable confluence filter can be used to require several conditions to agree before a signal is displayed.
Signal Conditions
The indicator can generate LONG and SHORT signals based on the configured market conditions. Signals can optionally be confirmed after the current candle closes.
The confluence calculation can include several technical factors such as:
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EMA relationship
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RSI condition
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MACD direction
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Trend strength
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ATR volatility
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Volume condition
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Price position
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Higher timeframe confirmation
The exact combination and threshold can be adjusted through the indicator settings.
Trade Levels
When a signal is generated, the indicator can display an entry reference together with a Stop Loss and up to five target levels.
Stop Loss and target distances can be calculated using the configured volatility settings. This allows the displayed levels to change according to the current market conditions.
The indicator can also display the progress of the targets and a breakeven reference after the configured target condition has been reached.
Multi-Timeframe Analysis
A secondary timeframe can be selected for additional market confirmation.
The higher timeframe information is displayed on the current chart, allowing the trader to compare the current setup with the selected secondary timeframe without manually changing charts.
EMA and VWAP
The indicator can display a fast EMA and slow EMA to show the current EMA relationship.
An optional EMA ribbon can also be enabled for visual reference.
VWAP can be enabled as an additional price-position reference when supported by the selected market and timeframe.
Market Dashboard
The optional dashboard provides a summary of the current indicator conditions.
The dashboard can display:
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Bullish score
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Bearish score
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Market bias
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Price position
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RSI condition
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MACD direction
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Trend strength
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EMA relationship
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ATR condition
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Volume condition
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Secondary timeframe confirmation
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Confluence score
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Current signal
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Active trade direction
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Target progress
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Stop Loss status
The dashboard position and font size can be adjusted from the indicator settings.
Settings
The indicator provides settings for:
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Fast EMA period
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Slow EMA period
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Signal confirmation
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Confluence filter
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Minimum confluence level
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Volatility calculation
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Stop Loss multiplier
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Number of targets
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Breakeven condition
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Secondary timeframe
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Dashboard position
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Dashboard visibility
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EMA ribbon visibility
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VWAP visibility
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Trade level visibility
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Label size
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Label position
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Retest highlighting
Usage
Viprasol Sniper Confluence can be used for intraday analysis, scalping, short-term trading, trend analysis, and multi-timeframe market analysis.
The indicator is an analytical tool. Signals and displayed levels should be evaluated together with the trader's own strategy, market conditions, position sizing, and risk management.
The indicator does not guarantee trading results or profits. Past market behavior does not guarantee future results.
