STRUCTURE SNIPER Trading Guide

The Structure Sniper is a Break and Retest (BOS + Pullback) overlay indicator. It automatically maps out market structure using Higher Highs (HH) and Lower Lows (LL). When a structural level is broken, it projects a "Retest Zone." It then waits for price to pull back into this zone and confirms a bounce or rejection with a Buy or Sell signal.

What does the indicator show?

• Structure Lines & Labels: Dashed lines connecting structural pivot points, labeled with HH, HL, LH, and LL to easily track market trends.
• Retest Zones (Colored Boxes): Projected areas where price is expected to pull back after a Break of Structure (BOS). Bullish zones are green, bearish zones are red.
• Buy / Sell Signals: Sharp arrow markers that appear when price successfully touches a Retest Zone and prints a confirming candle (e.g., a strong rejection wick).
• Stop Levels: Suggested Stop Loss lines printed below or above the signal arrow, calculated using ATR.

Key Settings

• Swing Length: How many bars left and right are required to confirm a structural pivot point. Lower values capture micro-structure; higher values capture macro trends.
• Retest Zone Width: How wide the projected pullback area should be, mapped as a multiplier of current volatility (ATR).
• Volume Confirmation: If enabled, the indicator will only print Buy/Sell bounce signals if the trigger candle has volume higher than the recent average.
• Max Retest Wait (bars): The maximum number of candles the indicator will wait for a pullback before marking the Retest Zone as expired.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, you can leverage the data from this indicator to create powerful logical conditions for trade entries and exits.

1. Break and Retest Signals

The primary execution triggers of the Structure Sniper logic.

• Buy Signal (Break & Retest) — Fires when price breaks structure upwards, pulls back into the bull zone, and shows a bullish confirmation candle.
• Sell Signal (Break & Retest) — Fires when price breaks structure downwards, pulls back into the bear zone, and shows a bearish confirmation candle.

Strategy Example: You can build an entire strategy by simply using Buy Signal is True for Long entries and Sell Signal is True for Short entries. The indicator naturally filters out trades that lack a pullback.

2. Structure Tracking

Monitoring the underlying trend framework.

• BOS Up / BOS Down — Triggers exactly on the candle that breaks the previous structural high or low.
• Structure Trend — Outputs 1 for a confirmed bullish structure (HH + HL) and -1 for a confirmed bearish structure (LH + LL).

Strategy Example: If you are using another indicator for entries (like an RSI oversold condition), you can filter your trades by adding Structure Trend == 1 to ensure you are only buying in a macro uptrend.