Precision Sniper: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Buy and sell signals need a minimum confluence score drawn from trend, RSI, volume and other checks, and are graded A plus, A, B or C, with C hidden by default. It plots an ATR or structure-based stop, three targets as risk-reward multiples and an optional trailing stop. A higher-timeframe trend filter, a high-volatility mode and presets from scalping to swing are included.

EMA ribbon with confluence score
Signal grades with C hidden by default
ATR or structure-based stop
Three targets and optional trailing stop
Presets and higher-timeframe filter

Details

Published by

vedkanani123 on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

indicator/olg_7_6_26/indicator_tradingview/11.txt

Repository

github.com/vedkanani123/shakuni_trap. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Source	`source`	`close`	`sourceInput`
HTF Trend Filter	`timeframe`		`htfInput`
Preset	`string`	`Auto`	`presetInput`
EMA Fast Length	`int`	`9`	`emaFastLenInput`
EMA Slow Length	`int`	`21`	`emaSlowLenInput`
EMA Trend Length	`int`	`55`	`emaTrendLenInput`
Min Confluence Score	`int`	`5`	`minScoreInput`
RSI Length	`int`	`13`	`rsiLenInput`
Signal Grade Filter	`string`	`All`	`gradeFilterInput`
Hide C-Grade Signals	`bool`	`true`	`hideCGradeInput`
High Volatility Filter	`string`	`Skip Signals`	`volFilterModeInput`
High-Vol SL Widening	`float`	`1.5`	`volWidenFactorInput`

Show all 39 settings

Setting	Type	Default	Variable
High Volatility Threshold	`float`	`1.3`	`highVolThreshInput`
ATR Length	`int`	`14`	`atrLenInput`
SL ATR Multiplier	`float`	`1.5`	`slMultInput`
TP1 Risk:Reward	`float`	`1.0`	`tp1MultInput`
TP2 Risk:Reward	`float`	`2.0`	`tp2MultInput`
TP3 Risk:Reward	`float`	`3.0`	`tp3MultInput`
Enable Trailing Stop	`bool`	`true`	`useTrailInput`
Full Exit at TP3	`bool`	`true`	`fullExitTP3Input`
Structure-Based SL	`bool`	`true`	`useStructureSLInput`
Swing Lookback	`int`	`10`	`swingLookbackInput`
Theme	`string`	`Auto`	`themeInput`
Show Buy/Sell Signals	`bool`	`true`	`showSignalsInput`
Signal Label Size	`string`	`Small`	`signalSizeInput`
Show TP/SL Lines	`bool`	`true`	`showTPSLInput`
Show EMA Ribbon	`bool`	`true`	`showRibbonInput`
Show Trailing Stop	`bool`	`true`	`showTrailInput`
Show Background Color	`bool`	`false`	`showBgInput`
Show Watermark	`bool`	`true`	`showWatermarkInput`
Show Signal Grade	`bool`	`true`	`showGradeInput`
Label Offset (bars)	`int`	`20`	`labelOffsetInput`
Show Dashboard	`bool`	`true`	`showDashInput`
Show Backtest Stats	`bool`	`true`	`showBtDashInput`
Dashboard Position	`string`	`Top Right`	`dashPosStr`
Webhook JSON Format	`bool`	`false`	`webhookInput`
Bull	`color`	`#00E676`	`bullColorInput`
Bear	`color`	`#FF5252`	`bearColorInput`
Neutral	`color`	`#FFEB3B`	`neutralColorInput`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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