SMC Pro: Institutional Bias & Liquidity Sweep Engine

Overview This script is a high-confluence technical analysis tool designed for traders following Smart Money Concepts (SMC) and Price Action methodologies. Its primary objective is to filter trend-based signals (EMA 9/21 crossovers) by integrating two critical institutional filters: HTF Bias (Higher Timeframe Sentiment) and Directional Liquidity Sweeps.

Key Features & Technical Originality Unlike standard crossover indicators, this script introduces a multi-layered institutional validation logic:

Real-Time HTF Bias Dashboard: The indicator automatically calculates the Daily Bias based on the previous close's position relative to the "Equilibrium" (the 50% mark of the previous day's range). This sentiment is displayed via a clean UI dashboard in the top-right corner, ensuring traders stay aligned with the higher timeframe flow.

Directional Liquidity Sweeps: The engine identifies local highs and lows within a dynamic lookback period. A "BUY" signal is only triggered if the price has first performed a "Sweep Low" (raiding sell-side liquidity), and a "SELL" signal only follows a "Sweep High" (raiding buy-side liquidity). This effectively filters out "Bull/Bear Traps."

Adaptive Memory Logic: The signal engine "remembers" a liquidity raid for a configurable number of bars. This allows for natural price development before confirming the entry with the EMA cross, capturing the expansion phase of the move.

Weekly NWOG Anchor: Includes an automated New Week Opening Gap (NWOG) tracker. Following institutional liquidity principles, this box anchors from Friday’s close to the new week’s open. Per user-defined constraints, the projection is limited strictly to the current trading week to maintain chart clarity and relevance.

How to Use

Confluence: Look for "BUY" signals when the Dashboard displays a "BULLISH" Bias and a recent sweep of lows has occurred.

Context: Use the NWOG levels as institutional magnets; price often gravitates toward or rebalances these gaps before continuing its expansion.

Optimized Timeframes: Best suited for M1, M5, and M15 intraday scalping.

Disclaimer This indicator is a visual aid for technical analysis and does not constitute financial advice. Past performance does not guarantee future results.