OPEN-SOURCE SCRIPT
Silver Bullet: ATR Sniper & Volatility Engine
Professional Execution & Risk Manager for SIL
Strike with Precision in the World's Most Volatile Metal
Silver is known as "The Devil's Metal" for a reason—it hunts stops and moves faster than almost any other commodity. Silver Bullet V26 is not just an indicator; it is a complete trade management system built to survive and thrive in high-volatility environments.
By combining Liquidity Sweep detection with ATR-calculated risk, this script identifies high-probability "Sniper" entries and manages the trade until the target is hit.
Key Features
Dual-Mode Entry Engine:
Sniper Mode: Detects "Deep Sweeps"—when Silver wicks below support to grab liquidity before a massive reversal.
Trend Mode: Identifies momentum breakouts when Silver is riding the EMA with strength.
Institutional Trend Filtering: A built-in 30-minute EMA filter ensures you are never "swimming against the tide." It only looks for long setups when the higher timeframe bias is confirmed bullish.
Silver-Optimized ATR Stops: Standard stop losses get hunted. Silver Bullet uses Average True Range (ATR) multipliers to set "breathable" stop losses that account for Silver's natural volatility.
Automated Trade Management: Once a signal triggers, the script draws your Stop Loss (SL) and Take Profit (TP) levels directly on the chart. It tracks the trade in real-time and labels the exact moment of exit (SIL TP ✔ or SIL EXIT ✘).
Volatility Dashboard: A real-time HUD tracks current ATR values and Trend Filter status, giving you a "pre-flight" check before every candle close.
Anti-Signal Spam: Built-in "Cooldown" logic prevents multiple entries on the same move, keeping your overtrading habits in check.
Why This Is Different
Most indicators fail on Silver because they are too "stiff." Silver Bullet is adaptive. By using the ta.lowest lookback for sweeps and ta.atr for exits, it breathes with the market. It treats Silver like the wild horse it is, giving it room to move while still locking in a 2.5:1 Reward-to-Risk ratio.
Best Used For:
Asset: Silver (/SIL, XAGUSD, PSLV).
Timeframe: 5-Minute or 15-Minute.
Style: Aggressive Scalping and Day-Swing Trading.
Strike with Precision in the World's Most Volatile Metal
Silver is known as "The Devil's Metal" for a reason—it hunts stops and moves faster than almost any other commodity. Silver Bullet V26 is not just an indicator; it is a complete trade management system built to survive and thrive in high-volatility environments.
By combining Liquidity Sweep detection with ATR-calculated risk, this script identifies high-probability "Sniper" entries and manages the trade until the target is hit.
Key Features
Dual-Mode Entry Engine:
Sniper Mode: Detects "Deep Sweeps"—when Silver wicks below support to grab liquidity before a massive reversal.
Trend Mode: Identifies momentum breakouts when Silver is riding the EMA with strength.
Institutional Trend Filtering: A built-in 30-minute EMA filter ensures you are never "swimming against the tide." It only looks for long setups when the higher timeframe bias is confirmed bullish.
Silver-Optimized ATR Stops: Standard stop losses get hunted. Silver Bullet uses Average True Range (ATR) multipliers to set "breathable" stop losses that account for Silver's natural volatility.
Automated Trade Management: Once a signal triggers, the script draws your Stop Loss (SL) and Take Profit (TP) levels directly on the chart. It tracks the trade in real-time and labels the exact moment of exit (SIL TP ✔ or SIL EXIT ✘).
Volatility Dashboard: A real-time HUD tracks current ATR values and Trend Filter status, giving you a "pre-flight" check before every candle close.
Anti-Signal Spam: Built-in "Cooldown" logic prevents multiple entries on the same move, keeping your overtrading habits in check.
Why This Is Different
Most indicators fail on Silver because they are too "stiff." Silver Bullet is adaptive. By using the ta.lowest lookback for sweeps and ta.atr for exits, it breathes with the market. It treats Silver like the wild horse it is, giving it room to move while still locking in a 2.5:1 Reward-to-Risk ratio.
Best Used For:
Asset: Silver (/SIL, XAGUSD, PSLV).
Timeframe: 5-Minute or 15-Minute.
Style: Aggressive Scalping and Day-Swing Trading.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.