This script provides an indicator-based backtesting engine framework that simulates trade entries, exits, and filtering directly on the price chart. It evaluates selected entry rules and multi-layered filters, including moving average trends, volume increases,
Indicator · Pine Script v6 · On the chart
Sniper Entry/Exit with SL&TP
Calculates entry signals, stop loss levels, and five take-profit targets based on a 7-factor dual scoring engine.
Repaints
GitHub stars2on the repository
Pine versionv6current
Lines of code165
Settings5inputs
LicenceCustom licence
Last update2 months ago14 Aug 2026
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
The system evaluates short-term market bias using EMA 9 and 21 crossovers, VWAP, RSI, MACD, ADX, relative volume, and multi-timeframe 5-minute RSI. It plots an EMA ribbon and trade level labels directly on the price chart. Users can adjust ATR multipliers for stop loss distances and customize visual settings like label sizes and ribbon opacity.
- 7-factor dual score engine for market bias
- EMA 9 and 21 crossover signals and ribbon
- ATR-based Stop Loss and 5 Take Profit levels
- Multi-timeframe 5-minute RSI integration
- On-chart dashboard and trade setup labels
Details
Published by
qtu11 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Support & resistance
Markets
Gold, Forex
Timeframes
M1-M5, M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Dashboard Font Size | string | small | dashTextSize |
| Trade Label Size | string | small | tradeTextSize |
| EMA Ribbon Opacity | int | 75 | ribbonOpacity |
| Label Right Offset (Bars) | int | 12 | labelOffset |
| SL ATR Multiplier | float | 1.5 | atrMultiplier |
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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