TargetSniper (Core)

TargetSniper – Technical Exit & Target Framework

Description

TargetSniper is a technical analysis tool designed to help traders structure their trade exits, stop-loss placement, and profit-target planning.
The script combines trend detection, breakout identification, and volatility-based projection levels into a single visual framework.
It does not attempt to predict market outcomes; instead, it organizes real-time data into clear reference points that can support discretionary decision-making.

How It Works (Conceptual Overview)

1. Trend Structure

The indicator measures short-term and mid-term price structure to determine the prevailing directional bias.
This is done by comparing recent price movement, slope changes, and dynamic support/resistance behavior.
Based on this, the chart displays a directional color signal.

2. Breakout Detection

When price moves beyond a locally defined structure — such as a pivot, compression range, or micro-trend line — the script highlights a potential breakout zone.
If conditions are met, a BUY or SELL label is plotted to mark the event.
These labels are informational only and do not guarantee trend continuation.

3. Stop-Loss Reference Line

The script draws a dynamic reference line derived from trend structure.
Traders may use this line as a potential area for stop-loss placement; this is only a structural guide, not a fixed rule.

4. Volatility-Based Target Levels (T1 / T2 / T3)

TargetSniper calculates three potential profit-taking levels using recent volatility expansion.
These projections adapt to the market environment and aim to provide traders with reference points for partial exits or risk-to-reward evaluation.

5. Risk-to-Reward Evaluation

Because the entry label typically appears near the trend structure, traders can visually estimate the distance between:

the suggested breakout level,

the stop-loss reference,

and the projected targets.

This can help assess whether a trade setup offers a favorable risk-to-reward ratio.

How to Use

Check the Trend Color
Identifies the current directional bias.

Monitor Breakout Signals
Labels appear when price breaks out of a local pattern based on the script's structure-detection logic.

Evaluate Stop-Loss Placement
Use the trend reference line as a potential SL guide.

Plan Exits Using Target Levels
T1, T2, and T3 provide volatility-based projection zones.

Assess Overall Trade Quality
Compare distance to SL vs. distance to target levels to understand potential risk-to-reward.

Notes

The script does not provide financial advice.

Market conditions can change rapidly, and past behavior does not guarantee future outcomes.

All signals and levels are technical references only and should be used with independent judgment.