SNIPERS CANDLESSNIPERS CANDLES
SNIPERS CANDLES is an enhanced PVSRA volume analysis indicator that classifies candles according to relative trading activity while introducing a configurable Volume Participation Baseline for additional market participation analysis.
The indicator combines traditional PVSRA candle classification with an independent participation threshold, allowing traders to compare current trading activity against both recent market behaviour and configurable average volume levels within a single visual tool.
How the Indicator Works
The indicator analyses volume using the PVSRA methodology and classifies each candle into one of three participation levels.
Normal Volume
Represents standard market participation.
150% Volume
Highlights candles where volume exceeds approximately 150% of the recent average, indicating increasing market participation.
200% Volume (Vector Candle)
Highlights candles where volume exceeds approximately 200% of the recent average or produces exceptional volume relative to recent price range activity, identifying significant market participation.
Bullish and bearish candles are colour coded independently to preserve directional context.
Volume Participation Baseline
In addition to standard PVSRA candle classification, SNIPERS CANDLES includes a configurable Volume Participation Baseline.
The Participation Baseline calculates an average volume over a user-defined lookback period and applies an optional multiplier to create a dynamic participation threshold.
This allows traders to compare current trading activity against configurable average participation levels rather than relying solely on fixed PVSRA classifications.
The Participation Baseline is designed to complement the original PVSRA methodology by providing additional context when market participation transitions between below-average and above-average volume.
Instrument Override
For cryptocurrency markets, the indicator can automatically retrieve volume data from the equivalent Binance Perpetual Futures contract when available.
Where an equivalent perpetual contract is unavailable, the indicator automatically falls back to the chart's native volume data.
A manual symbol override is also included for users who wish to specify an alternative volume source.
Features
Traditional PVSRA candle classification
150% and 200% vector candle detection
Independent bullish and bearish candle colouring
Configurable Volume Participation Baseline
Adjustable Participation Baseline lookback period
Configurable Participation Baseline multiplier
Customisable Participation Baseline colour and width
Automatic Binance Perpetual Futures volume support
Manual volume source override
Main-chart candle colouring
Colour-coded volume histogram
Configurable alerts
Alert Conditions
The indicator includes alert conditions for:
Any Vector Candle
Any 200% Volume Peak Vector Candle
Any 150% Volume Rising Vector Candle
Bullish 200% Vector Candle
Bearish 200% Vector Candle
Bullish 150% Vector Candle
Bearish 150% Vector Candle
Volume Crossing the Participation Baseline
Volume Crossing Above the Participation Baseline
Volume Crossing Below the Participation Baseline
Participation Baseline alerts are designed to identify changes in market participation as trading activity transitions above or below the configured threshold.
Intended Use
SNIPERS CANDLES is designed to provide visual context for analysing:
Relative market participation
High-volume trading activity
Volume confirmation
Market momentum
Trend participation
Price action
Multi-timeframe analysis
The indicator is intended as an analytical tool and does not generate automatic buy or sell signals. It is designed to complement the trader's own market analysis, price action and risk management process.
Markets
The indicator can be applied to all PulseWire-supported markets, including:
Forex
Indices
Commodities
Cryptocurrencies
Equities
When enabled, cryptocurrency markets can automatically utilise Binance Perpetual Futures volume where available.
Disclaimer
This open-source indicator is provided free of charge for educational and analytical purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Users remain responsible for their own analysis, trading decisions and risk management.
Created by Market Sniper HQ
Trade Like a Sniper, Not Like the Crowd.
Indicator
Next Candle Predictor V4.1## Next Candle Predictor V4.1 — Terminology and Presentation Update
This update improves the clarity of the indicator's terminology and on-chart presentation while preserving its existing calculation framework, weighting structure, visual layout, and signal conditions.
### Changes
- Renamed displayed “Prediction” values to “Directional Score”.
- Replaced “Perfect Time” with “Strong Setup”.
- Renamed the volume-derived component to “Estimated Volume Pressure”.
- Renamed projection visuals to “Directional Scenario Candles”.
- Updated dashboard labels and alert messages for clearer interpretation.
- Removed performance-target wording.
- Added author attribution: Developed by Ceyhun C. Canbazoglu.
### Score Interpretation
The displayed long and short percentages are normalized directional confluence scores derived from the indicator’s rule-based components.
They are not statistical probabilities, expected win rates, guarantees, or forecasts of the next candle’s result.
### Estimated Volume Pressure
Estimated Volume Pressure uses OHLCV data and the closing price’s position within the candle range to estimate directional pressure.
It is not exchange-level bid/ask volume delta or actual aggressive buying and selling volume.
### Directional Scenario Candles
The optional scenario candles are volatility-scaled visualizations based on the indicator’s current directional scores.
They do not forecast the next candle’s exact open, high, low, close, direction, or price target.
### Core Framework
The existing multi-factor framework remains unchanged and continues to evaluate:
- trend direction,
- EMA alignment,
- MACD momentum,
- RSI position,
- Stochastic conditions,
- ADX trend strength,
- relative volume,
- estimated volume pressure,
- and volatility regime.
This indicator is intended as a technical-analysis and decision-support tool. It does not provide financial advice or guarantee trading results. Indicator
Chart Narrator [verticetrading]An analyst that writes. Chart Narrator reads your chart and describes it in plain sentences — no cryptic numbers, no jargon.
◆ WHAT IT DOES
It turns the chart into a written briefing: main trend and whether the higher timeframe agrees, unusual calm or agitation in volatility, the last structural break in plain words, nearest tested support/resistance with distances in %, fresh candlestick patterns, and volume participation. Everything is summarized in a bias header with a conviction score ("BULLISH — 4 of 5 signals point the same way").
◆ HOW IT WORKS
Six evidence modules (trend + higher-timeframe confirmation, volatility ranking, market structure, merged pivot levels weighted by touches, candlestick patterns, volume vs its average) each produce a verdict and the numbers behind it. A narration engine turns them into sentences, stays silent when a module has nothing to say, and detects confluences between modules (e.g. a bullish pattern printed on a tested support) to flag higher-quality situations. With enough history it also adds a day-of-week tendency note with its sample size.
◆ HOW TO USE IT
Add it to any symbol and timeframe. Read the panel top to bottom: bias first, evidence after. Set the "Bias flip" alert to receive the full written analysis when the overall picture changes. Interface in English and Spanish.
◆ WHAT MAKES IT ORIGINAL
Indicators show numbers; this one explains itself. Every sentence cites its evidence, only confirmed bars are narrated (no repainting), and the panel says "mixed, no clear edge" when that is the truth.
◆ LIMITATIONS
It describes the present; it does not predict. Not financial advice.
────────────────────────
ESPAÑOL — El analista que escribe
Convierte el gráfico en un informe escrito: tendencia y si la temporalidad mayor la confirma, calma o agitación inusual de la volatilidad, la última ruptura estructural en palabras llanas, soporte/resistencia más cercanos con distancias en %, patrones de velas recientes y participación del volumen — todo resumido en un sesgo con puntuación de convicción ("ALCISTA — 4 de 5 señales apuntan en la misma dirección"). Seis módulos de evidencia alimentan un motor de redacción que calla cuando no hay nada que decir y detecta confluencias entre señales. Solo narra velas confirmadas (sin repintado). Interfaz en inglés y español. Describe el presente, no predice; no es asesoramiento financiero. Indicator
AG Pro Engulfing Candle Quality [AGPro Series]AG Pro Engulfing Candle Quality
Overview / What it does
AG Pro Engulfing Candle Quality is a price action overlay designed to detect bullish and bearish engulfing candles and then grade them through a structured quality framework instead of treating every engulfing event as equally important.
Rather than marking all engulfing candles with the same visual weight, this script evaluates whether the candle shows characteristics that may make the event more meaningful in context. The goal is to reduce low-value pattern noise and help the user focus on engulfing candles that display stronger internal structure and better surrounding conditions.
The script can color qualifying candles, display score labels directly on the chart, add optional background emphasis, and summarize recent signal state through an information panel. This makes it suitable for traders who want a cleaner way to review engulfing behavior without turning the chart into a generic pattern map.
In practical use, the script is not intended to predict direction on its own. It is designed as a filtering and chart-reading aid for users who already work with structure, liquidity, support/resistance, trend context, or discretionary execution rules.
Unique Edge
Many engulfing tools stop at pattern detection. This script takes a different approach by treating engulfing candles as a quality event rather than a binary event.
Its core difference is the scoring model. Each qualifying candle is evaluated through a multi-factor framework that can include relative volume behavior, body-to-range efficiency, prior directional context, engulf strength, and optional support/resistance proximity. This creates a 1-10 quality score that helps separate weaker engulfing events from stronger ones.
The result is a more selective workflow:
- detect the pattern,
- evaluate the candle quality,
- display only the events that meet the user’s threshold,
- and keep the chart focused on higher-interest formations.
This makes the script different from simple engulfing markers, basic candlestick libraries, or broad pattern collections. Its purpose is not to label everything. Its purpose is to rank and filter.
Methodology
The script identifies bullish and bearish engulfing conditions using configurable detection logic. Users can choose a stricter close-based interpretation or a broader wick-based interpretation depending on how selective they want the pattern engine to be.
Once an engulfing candle is detected, the script evaluates the event with a weighted quality framework. The conceptual components include:
1. Relative volume
The candle is compared against a moving average of volume. A candle that forms with stronger-than-normal participation can receive a higher quality contribution than one forming on ordinary or weak activity.
2. Body efficiency
The candle body is evaluated relative to the full range. A larger, more decisive body may indicate stronger commitment than a candle with excessive wick noise and a relatively small real body.
3. Prior directional context
The script reviews recent directional pressure over a user-defined lookback window. This helps distinguish engulfing candles that appear after a more meaningful opposing move from those that form in flatter or less informative conditions.
4. Engulf strength
The script can incorporate how convincingly the current candle overtakes the prior candle structure, adding another layer beyond simple pattern recognition.
5. Optional support/resistance proximity
Users can enable an additional contextual bonus when the engulfing event forms near pivot-derived support or resistance areas.
These components are normalized into a score from 1 to 10. The score is then used for chart display, filtering, and alerts. This means the script is not simply asking whether an engulfing candle exists. It is asking whether the engulfing candle appears to have enough internal and contextual quality to deserve attention.
Signals & Alerts
The script can display:
- bullish engulfing events,
- bearish engulfing events,
- candle coloring for qualified signals,
- optional score labels,
- optional background highlights,
- and a chart panel summarizing recent signal state.
Alerts are deterministic and based on confirmed rule conditions inside the script. Users can create alerts for:
- bullish engulfing events,
- bearish engulfing events,
- high-quality bullish engulfing events,
- high-quality bearish engulfing events,
- or any engulfing event that meets the selected minimum score threshold.
As with any chart tool, users should understand that alerts reflect the script’s rules, not an outcome guarantee. An alert means the selected condition has been satisfied according to the methodology. It does not imply that the next market move will be favorable.
Key Inputs
The script includes several controls so users can adapt the tool to different symbols and timeframes.
Important inputs include:
- minimum score required for display,
- label cooldown to reduce visual clustering,
- trend-strength lookback,
- strict close-based or broader wick-based engulf logic,
- bullish and bearish visibility toggles,
- optional support/resistance bonus,
- support/resistance pivot length,
- ATR-based proximity setting,
- scoring weights for volume, body efficiency, trend context, and engulf strength,
- volume average threshold,
- body/range threshold,
- color controls for bullish, bearish, and score states,
- label size,
- background highlight toggle,
- candle-coloring toggle,
- score label visibility,
- panel visibility, position, font size, and theme,
- and minimum score required for alerts.
These inputs allow the user to keep the script conservative and selective, or make it more permissive when reviewing more active charts.
Limitations & Transparency
This script is a rule-based visual analysis tool. It does not know future price action, and it does not confirm trade quality on its own.
Several points are important:
- An engulfing candle is still a local pattern. It can fail, especially in noisy or low-liquidity environments.
- Strong scores do not guarantee continuation or reversal.
- The support/resistance context is approximate and derived from pivot logic, not from a universal market map.
- Volume behavior can vary across markets and data feeds.
- Different timeframes can produce very different signal density and quality distribution.
- The script is designed for confirmation and filtering, not for fully automated decision-making.
Users should treat the score as a structured quality estimate, not as a promise. In many workflows, the script is most useful when combined with broader context such as market structure, trend bias, higher-timeframe levels, session behavior, or risk management rules.
Risk Disclosure
This script is provided for chart analysis and educational use. It is not financial advice, not an execution system, and not a guarantee of performance.
All trading and investing involve risk. Market conditions can change quickly, and any pattern, score, or alert can fail. Users are responsible for their own analysis, entries, exits, and risk controls.
Use the script as a decision-support tool, not as a substitute for judgment.
Indicator
Strategy
The Strat - Multi-Timeframe Combo Analyzer## 📊 The Strat - Multi-Timeframe Combo Analyzer
This open-source indicator implements **The Strat** methodology, a universal price action framework developed by Rob Smith (@RobInTheBlack).
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### 🎯 What is The Strat?
The Strat categorizes every candle into one of three scenarios based on its relationship to the previous bar:
| Type | Name | Definition |
|------|------|------------|
| **1** | Inside Bar | High < Previous High AND Low > Previous Low |
| **2** | Directional | Breaks only one side (2↑ = broke high, 2↓ = broke low) |
| **3** | Outside Bar | Breaks BOTH previous high AND low |
By tracking these bar types across timeframes, traders can identify actionable setups with defined entry triggers and target levels.
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### ✨ Features
**Daily Timeframe Analysis:**
- Real-time 3-bar combo detection (2-1-2, 3-1-2, 1-2-2, etc.)
- Pattern classification: Bullish/Bearish Continuation or Reversal
- Entry and Target levels based on Strat rules
- Pattern status: ACTIONABLE, IN-FORCE, TRIGGERED, or WATCHING
**ATR Context:**
- Range % used (how much of daily ATR has been consumed)
- Entry quality assessment (Excellent → Exhausted)
- Day type classification (Quiet → Trend Day)
- Remaining range estimation
**15-Minute Analysis:**
- Separate combo tracking for intraday precision
- Pattern detection on lower timeframe
**Visuals:**
- Customizable info tables
- Entry/Target horizontal lines
- Signal labels on chart
- Alert conditions
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### 🔧 How to Use
1. Look for **ACTIONABLE** patterns - these are setups waiting for a trigger
2. Entry triggers when price breaks the designated level
3. Target is the next logical Strat level (typically prior bar's high/low)
4. Use **Range%** to assess if there's room left in the daily range
5. Combine Daily and 15-Min combos for trade confluence
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### ⚠️ Disclaimer
This indicator is for **educational purposes only**. It does not constitute financial advice or guarantee profitable trades. Trading involves substantial risk of loss. Past performance is not indicative of future results. Always conduct your own research and trade responsibly.
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### 🙏 Credits
**The Strat** methodology was created by Rob Smith (@RobInTheBlack).
This implementation is open-source. Feel free to study, modify, and improve the code!
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