OPEN-SOURCE SCRIPT

Structure Retest Sniper v1

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Structure Retest Sniper v1 (SRS v1) is a precision-built trend continuation indicator designed to capture high-probability entries after a confirmed break of structure. By combining a triple EMA trend filter (21/50/200), swing-based market structure detection, and dynamic supply/demand zones, the script identifies when price is trending cleanly and breaking key levels. Once a breakout occurs, the system tracks a controlled pullback into value—specifically the 50 EMA—allowing traders to enter on a retest rather than chasing momentum. This creates a disciplined, rule-based approach aligned with institutional price behavior.

The indicator provides clear BUY and SELL signals only when all conditions align: trend direction, break of structure, and valid retest within a defined window. Visual elements such as zone boxes, arrows, labels, and background trend shading make chart reading simple and efficient, while built-in alerts ensure you never miss a setup. SRS v1 performs best on higher timeframes like the 1H, 4H, and Daily charts, and excels in trending markets such as Forex majors, indices, and gold—especially during high-volume sessions like London and New York. This is a clean, no-noise system built for traders who rely on structure, patience, and precision execution.

WHAT THE SCRIPT IS COMPRISED OF
1. TREND ENGINE (EMA STACK)

You’re using:

21 EMA (fast)
50 EMA (mid)
200 EMA (slow)
Logic:
Bull trend → 21 > 50 > 200
Bear trend → 21 < 50 < 200

This is filtering out bad trades and aligning you with direction.

What it means:
Market is only tradable when it's cleanly trending
No chop = fewer fake signals
2. STRUCTURE DETECTION (SWING POINTS)

Using:

ta.pivothigh
ta.pivotlow
What it does:
Finds recent highs/lows
Defines:
Resistance (highs)
Support (lows)
Important:

These are confirmed pivots, not guesswork → reduces noise.

3. SUPPLY & DEMAND ZONES

Every time a swing forms:

Pivot High → Supply Zone
Pivot Low → Demand Zone
How zones are built:
Uses 40% of the candle range
Extended forward (zone_extend)
Meaning:
These zones act as:
Reaction areas
Liquidity zones
Retest targets
4. BREAK OF STRUCTURE (BOS)

This is your trigger event.

Bullish BOS → price closes above last high
Bearish BOS → price closes below last low
Why it matters:

This confirms:

Trend continuation
Market intent
Liquidity taken
5. RETEST LOGIC (YOUR EDGE)

This is the core sniper logic.

After a BOS:

Wait up to X candles (retest_bars)
Price must pull back to:
EMA 50 (mid EMA)
Entry conditions:
BUY:
Bullish BOS happened
Price pulls back to EMA 50
Trend is bullish
SELL:
Bearish BOS happened
Price pulls back to EMA 50
Trend is bearish

This is textbook continuation entry

6. ATR BUFFER (SMART ENTRY SPACING)

Uses:

ATR(14)
Purpose:
Places labels slightly away from price
Helps visualize realistic entry zones

You can also use this for:

Stop loss placement
Risk control
7. SIGNAL SYSTEM

You get:

BUY / SELL labels
Triangle arrows
Background trend shading
Alerts
Meaning:
You’re never guessing
Signals are only printed when ALL conditions align

HOW TO USE THIS (REAL STRATEGY)
Entry Model (Simple & Effective)

BUY SETUP:
Trend = bullish (EMA aligned)
Price breaks previous high (BOS)
Price pulls back to EMA 50
BUY signal prints

Enter on:

Signal candle close OR
Lower timeframe confirmation
SELL SETUP:
Trend = bearish
Break of low (BOS)
Retest EMA 50
SELL signal prints

STOP LOSS
Best options:

Below/above retest candle
Or:
Below demand zone (for buys)
Above supply zone (for sells)

TAKE PROFIT
Use:

Previous highs/lows
Next structure level
2R–3R minimum

BEST TIMEFRAMES
This is where your indicator shines:

HIGH PROBABILITY SETUP
Daily → Bias
4H → Structure + BOS
1H → Entry (signals)

This matches exactly how you said you trade.

Alternative (Scalping):
15M → structure
5M → entries

More noise, lower accuracy

BEST MARKETS TO TRADE

This system works best on:

Forex majors
EURUSD
GBPUSD
USDJPY
Gold (XAUUSD)
Indices
NAS100
US30
Why?
Clean structure
Respect EMAs
Strong trends

BEST SESSIONS (IMPORTANT)
London Session (BEST)
Strong moves
Clean break + retest behavior

New York Session
Continuations
Volatility expansions

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