TP Hunter [Sniper Trading System]

TP Hunter Overlay — Sniper Trading System Suite

What it is
TP Hunter helps with the hardest part of trading: exits. It plots Take Profit zones (TP1/TP2/TP3) using a standard deviation model around a 20-period moving average (“Centerline”). When price reaches a target, TP Hunter marks it on the chart and can trigger an alert—so you can scale out with discipline.

How it works (plain language)

The Centerline is a 20-period SMA (average price).

The script measures recent volatility (standard deviation) and projects TP levels above/below the Centerline.

If price is above the Centerline, the script treats it as buy context; below = sell context.

When price touches a TP level in that context, the indicator prints a shape (TP1 green, TP2 orange, TP3 red) and alerts can fire.

Inputs

TP1/TP2/TP3 Multiplier: distance of each target from the Centerline (in standard deviations).

RSI Period / Levels: optional filter to avoid extreme conditions (default enabled).

Show TP Hit Labels: toggle the on-chart labels.

Visuals

Centerline (gray)

TP hits:

Buy hits = triangles above bars (TP1/TP2/TP3 = green/orange/red).

Sell hits = triangles below bars (TP1/TP2/TP3 = green/orange/red).

Alerts

TP1/TP2/TP3 hit alerts for both buy and sell contexts.

Suggested workflow: set alerts, scale out at TP1/TP2, reserve a runner for TP3.

Best practices

Use TP Hunter to plan exits after your own entry signal (e.g., time-based or liquidity-based entries).

If you want fewer but stronger targets, increase the multipliers.

If you want more frequent targets, decrease them slightly.

RSI filter can reduce noise during extreme momentum.

Notes & Limitations

This is an overlay tool for exit management, not a standalone entry system.

Shapes confirm on bar close; alerts can trigger intrabar when a level is touched.

No financial advice. Past performance does not guarantee future results.