OPEN-SOURCE SCRIPT
Renko Sniper PRO (Liquidity Sweep + EMA + ST + RSI)
🟢 LONG ALERT ONLY triggers when:
Price sweeps below recent lows (stop hunt)
Closes back above → trap confirmed
EMA 9 crosses above 21
Price is above trend
Supertrend flips bullish
RSI confirms strength
🔴 SHORT ALERT:
Same idea, flipped:
Sweeps highs → traps breakout buyers → dumps
⚡ How to set alerts (important)
After adding to chart:
1. Click Alerts
2. Condition → select this indicator
3. Choose: “Any alert() function call”
🔥 Pro settings (tune this = big difference)
Sensitivity tuning:
Lookback = 10
Lower = more signals (scalping)
Higher = stronger sweeps (swing trades)
Sweep Buffer = 0.1%
Increase to 0.2–0.3% for BTC (reduces noise)
Price sweeps below recent lows (stop hunt)
Closes back above → trap confirmed
EMA 9 crosses above 21
Price is above trend
Supertrend flips bullish
RSI confirms strength
🔴 SHORT ALERT:
Same idea, flipped:
Sweeps highs → traps breakout buyers → dumps
⚡ How to set alerts (important)
After adding to chart:
1. Click Alerts
2. Condition → select this indicator
3. Choose: “Any alert() function call”
🔥 Pro settings (tune this = big difference)
Sensitivity tuning:
Lookback = 10
Lower = more signals (scalping)
Higher = stronger sweeps (swing trades)
Sweep Buffer = 0.1%
Increase to 0.2–0.3% for BTC (reduces noise)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.