[blackcat] L3 Whale Sniper

8 thg 1, 2022

Level: 3

Background

This indicator is my attempt to sniper whale fund in short-mid time frame.


Function

The major part of this indicator is a novel trend oscillator which can use to detected oversold and overbought. With this kind of feature, a whale sniper model can be built for the condtion is after a panic rolling off of price into oversold zone, a sniper zone may happen in advance of whale fund. The yellow color zone is the whale sniper zone indicator, along with a standard long position set up zone with lime color background color. NOTE: when yellow and lime color overlay which indicates a resonance happens. This is a kind of signal with higher confidence level of buy!

Inputs

Sinper Factor --> Default 5.

Key Signal

Trend --> trend oscillator output
Trend(1) --> trigger sgnal for trend ocillator
Yellow bgcolor --> whale sniper zone
Lime bgcolor --> standard long oppotunity zone

Remarks

This is a Level 3 free and open source indicator.

Feedbacks are appreciated.

8 thg 1, 2022

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19 thg 4

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OVERVIEW
The [blackcat] L3 Whale Sniper is an advanced technical analysis tool designed to identify potential buying and selling opportunities by tracking significant market movements often associated with large trades ("whales"). This indicator uses custom algorithms to plot key levels and zones on the chart, helping traders make informed decisions. It provides clear visual cues and alerts for better timing of entries and exits 🐳💰.

FEATURES

Customizable Sniper Factor to adjust sensitivity 🎯
Plots two main indicators:
Whale Sniper Indicator: Identifies potential whale activity.
Trend Indicator: Tracks overall market trends.
Highlights important zones on the chart:
Long Position Setup Zone: Shaded in lime green.
Whale Sniper Zone: Shaded in yellow.
Generates buy ('B') and sell ('S') labels for easy identification of trade signals 🏷️
Provides alerts when specific conditions are met for timely decision-making 🔔
HOW TO USE

Add the indicator to your TradingView chart by selecting it from the indicators list.
Adjust the Sniper Factor input according to your preference and market conditions ⚙️.
Monitor the chart for highlighted zones and generated buy/sell labels indicating potential trade opportunities.
Set up alerts based on the generated signals to receive notifications when conditions are met 📲.
LIMITATIONS

The indicator's effectiveness may vary depending on the chosen Sniper Factor.
False signals can occur in highly volatile or choppy markets 🌪️.
Users should combine this indicator with other forms of analysis for better results.
NOTES

The script imports external libraries (e.g., pandas_ta) for additional functionalities.
Ensure that you have sufficient historical data available for accurate calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.