OPEN-SOURCE SCRIPT
SMC/ICT VWAP Institutional Liquidity Engine
This is a high-probability Smart Money Concepts (SMC) & ICT-based Volume Weighted Average Price (VWAP) Institutional Liquidity Engine designed for version 6 (v6). Unlike standard VWAP indicators that plot generic standard deviation bands and generate excessive noise, this indicator filters out retail traps and focuses strictly on major institutional liquidity pools and stop hunts.Key Features & Logic
Major Structural Liquidity Sweep: The indicator continuously tracks major swing highs and lows over a custom lookback period (default 20 bars). Signals are only generated when these significant structural levels are raided (Stop Loss Hunting / Judas Swing).
SMC Premium & Discount Liquidity Pools: It incorporates an extreme dynamic outer band (Band 3 set at a 3.0 multiplier). High-probability reversals are verified only when the price penetrates these deep premium/discount zones and rejects strongly back into the value area.
Institutional Volume Filter: Retail volume is completely ignored. A signal is validated only when the sweeping bar exhibits institutional volume volume that is significantly higher (1.5x default) than the 20-period moving average of volume.
How to Trade This Script
SMC BUY Signal: Look for this label when the market sweeps a major old low, hits the green discount liquidity pool, and snaps back with high institutional volume. This indicates a potential bullish reversal or a successful stop run.
SMC SELL Signal: Look for this label when the market sweeps a major old high, hits the red premium liquidity pool, and rejects aggressively with high institutional volume.
Works best on intraday timeframes (1m, 3m, 5m for scalping with a lower lookback, or 15m/1h for intraday structure).
Major Structural Liquidity Sweep: The indicator continuously tracks major swing highs and lows over a custom lookback period (default 20 bars). Signals are only generated when these significant structural levels are raided (Stop Loss Hunting / Judas Swing).
SMC Premium & Discount Liquidity Pools: It incorporates an extreme dynamic outer band (Band 3 set at a 3.0 multiplier). High-probability reversals are verified only when the price penetrates these deep premium/discount zones and rejects strongly back into the value area.
Institutional Volume Filter: Retail volume is completely ignored. A signal is validated only when the sweeping bar exhibits institutional volume volume that is significantly higher (1.5x default) than the 20-period moving average of volume.
How to Trade This Script
SMC BUY Signal: Look for this label when the market sweeps a major old low, hits the green discount liquidity pool, and snaps back with high institutional volume. This indicates a potential bullish reversal or a successful stop run.
SMC SELL Signal: Look for this label when the market sweeps a major old high, hits the red premium liquidity pool, and rejects aggressively with high institutional volume.
Works best on intraday timeframes (1m, 3m, 5m for scalping with a lower lookback, or 15m/1h for intraday structure).
Script de código aberto
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.