Sniper Entry Engine Auto TP/SL Box | tradewsametSniper Entry Engine Auto TP/SL Box is an RSI-based reversal indicator built to visualize extreme-zone exits and automatically project a structured trade box on the main chart.
The script combines a smoothed RSI, a signal line, extreme zone logic, and automatic risk-to-reward mapping into a clean and practical workflow. When RSI exits the extreme low zone, the indicator prints an UP signal on the RSI pane and creates a BUY trade box on the price chart. When RSI exits the extreme high zone, it prints a DOWN signal and creates a SELL trade box.
The purpose of this tool is not to predict every reversal. Its main goal is to help traders standardize reaction points after extreme RSI conditions and display a clear visual framework for entry, stop loss, and target placement.
How it works:
• UP signal: triggered when RSI crosses back above the Extreme Low level
• DOWN signal: triggered when RSI crosses back below the Extreme High level
Once a signal appears, the script automatically creates a TP/SL structure on the main chart:
• Entry: based on the selected entry source
• Stop loss: based on the selected stop-loss model
• Take profit: projected using the selected risk-to-reward multiple
Default structure in this version:
• ATR-based stop loss
• Risk/Reward = 1:5
Main features:
• Smoothed RSI with signal line
• Overbought / oversold and extreme zone visualization
• RSI status panel with live market condition summary
• Automatic BUY and SELL labels on trade entry
• Automatic TP/SL box projection on the main chart
• Boxes remain active and extend until price reaches TP or SL
• Final outcome labels on chart:
- TP HIT 💰
- SL HIT
• Support for multiple entry price modes
• Support for multiple stop-loss models:
- Signal Candle
- ATR
- Percent
• Same-bar TP/SL priority control
How to use it:
This indicator is designed as a visual reaction framework, not as a promise of reversal. A practical workflow can be:
1. Wait for RSI to reach an extreme zone
2. Watch for RSI to reclaim back out of that zone
3. Let the script draw the automatic trade box
4. Use trend context, support/resistance, liquidity, or higher-timeframe confirmation to decide whether the setup deserves execution
5. Use the projected TP/SL box as a visual risk map instead of placing targets and stops randomly
Best use cases:
• Traders who want a clean RSI reversal framework
• Traders who prefer automatic TP/SL visualization
• Traders who want consistent risk mapping after a signal appears
• Traders who use RSI as a timing tool inside a broader discretionary system
Important notes:
This script is an indicator, not a performance guarantee.
The displayed trade boxes are visual planning tools created from the script’s internal signal logic and selected stop-loss model.
Extreme RSI readings can fail in strong trends, trend continuation environments, or highly volatile sessions.
For that reason, this tool is best used with confirmation from price action, structure, volatility, or higher-timeframe context.
Panel overview:
The built-in panel summarizes the current RSI environment by showing:
• Current RSI value
• Signal line value
• Status classification
• Momentum state
• RSI vs signal structure state
This helps the user evaluate whether the market is in a neutral, bullish, bearish, overbought, oversold, or extreme condition without relying only on raw RSI values.
Disclaimer:
This indicator is for educational and informational purposes only.
It is not financial advice and should not be considered an investment recommendation.
Users should test and evaluate the script on their own symbols, timeframes, and risk rules before using it in live market conditions.
Indicador Pine Script®
