Precision Sniper v2.1 — free TradingView EMA-crossover indicator with an honest in-chart backtest — tweet
Precision Sniper v2.1 — free TradingView EMA-crossover indicator with an honest in-chart backtest — tweet
· @WillyAlgoTrader
Tweet
Source claim (post, 2026-09-22): a free, rebuilt EMA-crossover indicator whose on-chart stats 'stop lying' — entry at the confirmed close, stop checked before targets, gaps filled at the open, stop moves effective next bar, costs in every R. Desk read, from the full 880-line Pine v6 source (TradingView public script, 15,853 likes): the rule is an EMA 9/21 crossover (preset-dependent) above a 55 EMA, gated by price momentum and RSI extremes, graded by optional evidence (RSI 50-75, MACD histogram, ADX/DI, volume spike, session VWAP, higher-timeframe EMA bias), with an ATR/structure stop and 1R/2R/3R targets. The execution-model claims check out in code (confirmed-bar entries, the non-repainting higher-timeframe idiom, stop-first on ambiguous bars, gap fills at the open). Two catches: the commission, spread and slippage inputs default to zero, so the default dashboard is gross; and the stats are in-sample on whatever chart, timeframe and preset the viewer picks, which invites selection. Horizon is scalp-to-swing with fixed-R exits: no fit for the desk's 6-48 month trend-hold or the MONEY rule. The salvage is its execution-model checklist and candidate/rejection funnel, not the signal. Account: crypto and forex, 4.6k followers, a Telegram funnel and a site; the bio advertises an '89% BTC WR' for another indicator, the metric this post calls misleading.
Takeaway
Source claim (post, 2026-09-22): a free, rebuilt EMA-crossover indicator whose on-chart stats 'stop lying' — entry at the confirmed close, stop checked before targets, gaps filled at the open, stop moves effective next bar, costs in every R. Desk read, from the full 880-line Pine v6 source (TradingView public script, 15,853 likes): the rule is an EMA 9/21 crossover (preset-dependent) above a 55 EMA, gated by price momentum and RSI extremes, graded by optional evidence (RSI 50-75, MACD histogram, ADX/DI, volume spike, session VWAP, higher-timeframe EMA bias), with an ATR/structure stop and 1R/2R/3R targets. The execution-model claims check out in code (confirmed-bar entries, the non-repainting higher-timeframe idiom, stop-first on ambiguous bars, gap fills at the open). Two catches: the commission, spread and slippage inputs default to zero, so the default dashboard is gross; and the stats are in-sample on whatever chart, timeframe and preset the viewer picks, which invites selection. Horizon is scalp-to-swing with fixed-R exits: no fit for the desk's 6-48 month trend-hold or the MONEY rule. The salvage is its execution-model checklist and candidate/rejection funnel, not the signal. Account: crypto and forex, 4.6k followers, a Telegram funnel and a site; the bio advertises an '89% BTC WR' for another indicator, the metric this post calls misleading.
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