OPEN-SOURCE SCRIPT
Updated Sniper Entry 2.0
Sniper Entry Universal
A universal open-price based entry level indicator for traders who use breakout/scalp execution around the session or candle open.
This indicator calculates memory-friendly long and short trigger levels around the current open price using a percentage offset, while keeping stop-loss distortion minimal.
How it works
The indicator calculates raw levels:
Upper Level = Open + Offset %
Lower Level = Open − Offset %
Instead of showing ugly prices like:
66,716.675
66,683.325
it intelligently snaps levels to cleaner, easier-to-remember prices:
66,717
66,683
while keeping the final stop-loss width close to the intended risk.
A universal open-price based entry level indicator for traders who use breakout/scalp execution around the session or candle open.
This indicator calculates memory-friendly long and short trigger levels around the current open price using a percentage offset, while keeping stop-loss distortion minimal.
How it works
The indicator calculates raw levels:
Upper Level = Open + Offset %
Lower Level = Open − Offset %
Instead of showing ugly prices like:
66,716.675
66,683.325
it intelligently snaps levels to cleaner, easier-to-remember prices:
66,717
66,683
while keeping the final stop-loss width close to the intended risk.
Release Notes
Sniper Entry UniversalA universal open-price based entry level indicator for traders who use breakout/scalp execution around the session or candle open.
This indicator calculates memory-friendly long and short trigger levels around the current open price using a percentage offset, while keeping stop-loss distortion minimal.
How it works
The indicator calculates raw levels:
Upper Level = Open + Offset %
Lower Level = Open − Offset %
Instead of showing ugly prices like:
66,716.675
66,683.325
it intelligently snaps levels to cleaner, easier-to-remember prices:
66,717
66,683
while keeping the final stop-loss width close to the intended risk.
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.