Weighted Technical Confluence Signals with Structure Stops and Trailing Exits
Summary
PrecisionSniper combines trend, momentum, volume, and directional strength indicators into a weighted long or short score. Its eight conditions include EMA alignment and separation, price location relative to a trend EMA, RSI behavior, MACD histogram expansion, VWAP position, elevated tick volume, ADX with directional confirmation, and optional higher-timeframe EMA bias. A minimum score and grade filter control which signals appear. The indicator also offers swing-based or ATR-based stop placement, three risk-to-reward target levels, and a trailing stop that advances as targets are reached.
The document describes presets, chart overlays, and dashboard statistics calculated from historical signals. The backtest can cover loaded history, a date range, or a rolling window, and reports measures such as win rate, profit factor, and accumulated R. However, it supplies no actual performance results in the text. The dashboard calculations omit spreads, slippage, swap fees, partial position management, and live execution conditions, so they are not evidence of tradable performance. The method is configurable, but no independent validation or rationale for the scoring weights is provided.
Key ideas
- Signals require a configurable aggregate score across multiple technical conditions.
- Higher-timeframe EMA alignment can add weight to a signal.
- Stops may use recent swing structure or an ATR distance, with staged targets and trailing adjustments.
- Historical dashboard statistics exclude several real-world trading costs and execution effects.
- The document lists configurations but provides no observed performance results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.