Sniper Strategy

The Sniper Strategy is a clean and data-driven RSI-based system designed for precision entries and exits.
It combines multi-timeframe RSI analysis, automated labeling, and dynamic P/L tracking — perfect for traders who want clarity, visual feedback, and strict risk control in one tool.

🧩 Core Features

• Dual RSI Framework:
  

Calculates both the current timeframe RSI and a higher timeframe RSI to confirm trend strength and avoid false signals.

• Smart Entry Logic:
  

Long signals when RSI drops below oversold level.

Short signals when RSI exceeds overbought level.

• Automatic Exit Management:
  

Configurable Stop Loss and Take Profit percentages.

Optional RSI-based exit for flexible trade closures.

All exits are visually labeled for transparency.

• Real-Time Profit Tracking:
  

Displays a floating label above each bar showing current P/L (%), updated live while the position is open — giving you instant insight into trade performance.

• Clean Visual Design:
  

Uses arrows and colored labels for entry/exit clarity.
Optional RSI line and higher timeframe RSI plot included.

• Alerts Ready:
  

Built-in alert conditions for both Long and Short signals — ideal for automation or notifications.

⚙️ Inputs & Customization

• Adjustable RSI lengths for both timeframes.
  
• Selectable RSI source (Close, HL2, etc.).
  
• Configurable stop loss and take profit levels.
  
• Customizable leverage and precision for P/L display.
  
• Optional wick-based calculation for sensitivity tuning.
  

💡 How to Use

1. Apply the strategy on your preferred symbol and timeframe.
   
3. Adjust RSI and risk settings to match your trading style.
   
5. Optionally enable higher timeframe RSI confirmation.
   
7. Set alerts for “Long Entry Signal” and “Short Entry Signal.”
   
9. Backtest and fine-tune before going live.
   

⚠️ Disclaimer

This script is for educational and research purposes only.
It is not financial advice. Always backtest thoroughly and manage your risk before using it in live trading.