Purpose: The purpose of Signal Sniper is to utilize precise calculations, particularly the ATR, to generate visual representations (signals) that highlight potential entry and exit opportunities.

How to Apply: Choose “Signal Sniper [Market Spotter]” through the “Invite-only scripts” on TradingView.

Characteristics: Signal Sniper can be used in its default state. Users have the flexibility to modify the Average True Range (ATR) for signals, fine-tune the Zero Lag MA, incorporate a customized Moving Average for trend and dynamic support and resistance, and optionally apply a VWAP (Volume-Weighted Average Price) for a grid-like structure.

Alerts: TradingView alerts are notifications that keep traders informed about specific market conditions or price movements in real-time. Users can set them up based on parameters like price levels or technical indicators. These alerts help traders stay updated and make timely decisions to optimize their trading strategies. You can learn how to set alerts with our indicators by viewing this tutorial.