Sniper [Decentrader]

Bespoke Decentrader Mean Reversion / Colume based support/resistance Strategy builder.
Colour-coded mean line using price and volume
Volatility Bands (chose % or Std Dev)
Major support and resistance plotted lines
Suggested dynamic hard-stop placement
Built for all markets
A realistic strategy for multi-asset portfolio management
Complementary components to assist other indicators/strategies
Filtering for Long / Short only conditions is possible under settings.
Can be automated by including 3rd party code into the settings to be used as alerts.
Use the Mitigate lines to show previous areas of support or resistance, which have been broken.

4 main strategy options:

1. You can choose whether to enter based on the upper or lower Meanline. If the price is below the Meanline, the lower Meanline will be used for entry, while if the price is above the Meanline, the upper Meanline will be used. \n\nIf you want to use this condition to exit the position, you also need to select the "Exit at the Meanline" option as well.

2. If the selected strategy is "3. Buy/Sell Volatility Bands," you can specify which Band should trigger the position to open. The price must touch or cross the edge of the chosen Band. Additionally, if the "Exit at the Volatility Bands" option is selected, the same Band will be used for the exit criteria.

3. Buy/Sell Meanline retest": A position will be opened when the price retests the Meanline. The price must touch or wick through the Meanline without closing below/above it. (If this strategy is combined with "Exit at the Meanline" option, then in case price goes against our position, the strategy will exit if the price closes under/above the meanline

Buy/Sell Meanline breakout (UP/DOWN)": A long or short position will be opened when the price breaks above or below the Meanline

4. Buy/Sell Support/Resistance lines": A position will be opened when the price touches the support or resistance lines. This option can also be combined with the "Exit at the Meanline" option.

This tool can be used to help enter a trending asset or find entries for an asset retracing.

Please take care to test strategies before automation, which is also possible.