FX Sniper Signal
- Indicatori
- Mohammed Mamdouh Abdel Fattah Mohammed El Sayed
- Versione: 1.0
Key Features of the Indicator:
-
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.
-
-
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.
-
-
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.
-
-
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.
-
-
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).
-
-
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.
-
-
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.
