OPEN-SOURCE SCRIPT

Pro SMC Call/Put System V4 Strict

705
This V4 strict Pine Script is a structured intraday trading indicator designed mainly for 1-minute charts like SPY, SPX, or QQQ, with optional 5-minute trend confirmation to improve signal quality. It combines short-term trend using EMA 9 and EMA 21, higher-timeframe key levels such as previous day high/low and previous week high/low, and smart-money-style structure concepts like BOS, CHoCH, equal highs, and equal lows. It divides the prior day’s range into premium, discount, and equilibrium so it can judge whether price is in a better area for calls, puts, or no trade. The script is intentionally strict: it avoids giving signals in equilibrium chop, flat EMA conditions, tiny-range candles, and poor locations where many false trades happen. Calls are favored only when bullish trend, bullish location, volume, candle strength, and reclaim or retest conditions align, while puts are favored only when bearish trend, bearish location, volume, candle strength, and rejection or failed retest conditions align. It also includes a more realistic stop-loss model that uses nearby structure and ATR caps so the stop is not absurdly wide from a random wick, and it projects TP1 and TP2 using a mix of structure and fallback risk-reward logic. In practice, it is meant to reduce bad entries, especially random calls at premium and random puts at discount, and guide you toward cleaner breakout-retest or rejection-based trades rather than constant signals inside noisy range conditions.

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