SMC_BOS_EA/SMC INDICATOR V1

OUR SMC INDICATOR V1

Purpose:
Detect only valid setups according to our trading strategy.

Core rule:
NO CLEAR = NO SIGNAL.
NO CONFIRMATION = NO TRADE.

//+------------------------------------------------------------------+
//| Strategy Settings                                                |
//+------------------------------------------------------------------+

input int    SwingLookback = 3;
input int    ConfirmationBars = 1;
input bool   EnableBuySignals = true;
input bool   EnableSellSignals = true;
input bool   ShowStructure = true;
input bool   ShowSignals = true;
input bool   EnableAlerts = true;

//+------------------------------------------------------------------+
//| Swing Structure Detection                                        |
//+------------------------------------------------------------------+

bool IsSwingHigh(int shift)
{
   if(shift < SwingLookback || shift >= Bars(_Symbol,_Period)-SwingLookback)
      return false;

   double currentHigh = iHigh(_Symbol,_Period,shift);

   for(int i=1; i<=SwingLookback; i++)
   {
      if(currentHigh <= iHigh(_Symbol,_Period,shift-i))
         return false;

      if(currentHigh <= iHigh(_Symbol,_Period,shift+i))
         return false;
   }

   return true;
}


bool IsSwingLow(int shift)
{
   if(shift < SwingLookback || shift >= Bars(_Symbol,_Period)-SwingLookback)
      return false;

   double currentLow = iLow(_Symbol,_Period,shift);

   for(int i=1; i<=SwingLookback; i++)
   {
      if(currentLow >= iLow(_Symbol,_Period,shift-i))
         return false;

      if(currentLow >= iLow(_Symbol,_Period,shift+i))
         return false;
   }

   return true;
}

//+------------------------------------------------------------------+
//| HH / HL / LH / LL Classification                                 |
//+------------------------------------------------------------------+

enum StructureType
{
   STRUCTURE_NONE,
   STRUCTURE_HH,
   STRUCTURE_HL,
   STRUCTURE_LH,
   STRUCTURE_LL
};

StructureType GetHighStructure(double currentHigh, double previousHigh)
{
   if(currentHigh > previousHigh)
      return STRUCTURE_HH;

   if(currentHigh < previousHigh)
      return STRUCTURE_LH;

   return STRUCTURE_NONE;
}

StructureType GetLowStructure(double currentLow, double previousLow)
{
   if(currentLow > previousLow)
      return STRUCTURE_HL;

   if(currentLow < previousLow)
      return STRUCTURE_LL;

   return STRUCTURE_NONE;
}

//+------------------------------------------------------------------+
//| Break of Structure (BOS) Detection                               |
//+------------------------------------------------------------------+

bool BullishBOS(int shift, double previousSwingHigh)
{
   double closePrice = iClose(_Symbol, _Period, shift);

   // Bullish BOS requires a candle CLOSE above the previous swing high.
   if(closePrice > previousSwingHigh)
      return true;

   return false;
}


bool BearishBOS(int shift, double previousSwingLow)
{
   double closePrice = iClose(_Symbol, _Period, shift);

   // Bearish BOS requires a candle CLOSE below the previous swing low.
   if(closePrice < previousSwingLow)
      return true;

   return false;
}

//+------------------------------------------------------------------+
//| Pullback / Retest Detection                                      |
//+------------------------------------------------------------------+

bool BullishRetest(int shift, double brokenResistance)
{
   double candleLow   = iLow(_Symbol, _Period, shift);
   double candleClose = iClose(_Symbol, _Period, shift);

   // Price must return to the broken level
   // and close back above it.
   if(candleLow <= brokenResistance &&
      candleClose > brokenResistance)
   {
      return true;
   }

   return false;
}


bool BearishRetest(int shift, double brokenSupport)
{
   double candleHigh  = iHigh(_Symbol, _Period, shift);
   double candleClose = iClose(_Symbol, _Period, shift);

   // Price must return to the broken level
   // and close back below it.
   if(candleHigh >= brokenSupport &&
      candleClose < brokenSupport)
   {
      return true;
   }

   return false;
}

//+------------------------------------------------------------------+
//| Confirmation Candle Detection                                    |
//+------------------------------------------------------------------+

bool BullishConfirmation(int shift)
{
   double openPrice  = iOpen(_Symbol, _Period, shift);
   double closePrice = iClose(_Symbol, _Period, shift);
   double highPrice  = iHigh(_Symbol, _Period, shift);
   double lowPrice   = iLow(_Symbol, _Period, shift);

   double bodySize  = MathAbs(closePrice - openPrice);
   double totalSize = highPrice - lowPrice;

   if(totalSize <= 0)
      return false;

   // Bullish candle must close above its open.
   // Require the candle body to represent at least
   // half of the complete candle range.
   if(closePrice > openPrice &&
      bodySize >= totalSize * 0.50)
   {
      return true;
   }

   return false;
}


bool BearishConfirmation(int shift)
{
   double openPrice  = iOpen(_Symbol, _Period, shift);
   double closePrice = iClose(_Symbol, _Period, shift);
   double highPrice  = iHigh(_Symbol, _Period, shift);
   double lowPrice   = iLow(_Symbol, _Period, shift);

   double bodySize  = MathAbs(closePrice - openPrice);
   double totalSize = highPrice - lowPrice;

   if(totalSize <= 0)
      return false;

   // Bearish candle must close below its open.
   // Require the candle body to represent at least
   // half of the complete candle range.
   if(closePrice < openPrice &&
      bodySize >= totalSize * 0.50)
   {
      return true;
   }

   return false;
}

//+------------------------------------------------------------------+
//| BUY / SELL Signal Engine                                         |
//+------------------------------------------------------------------+

bool ValidBuySetup(int shift, double previousSwingHigh)
{
   // Step 1: Bullish BOS
   if(!BullishBOS(shift, previousSwingHigh))
      return false;

   // Step 2: Pullback / retest
   if(!BullishRetest(shift, previousSwingHigh))
      return false;

   // Step 3: Confirmation candle
   if(!BullishConfirmation(shift))
      return false;

   return true;
}


bool ValidSellSetup(int shift, double previousSwingLow)
{
   // Step 1: Bearish BOS
   if(!BearishBOS(shift, previousSwingLow))
      return false;

   // Step 2: Pullback / retest
   if(!BearishRetest(shift, previousSwingLow))
      return false;

   // Step 3: Confirmation candle
   if(!BearishConfirmation(shift))
      return false;

   return true;
}

//+------------------------------------------------------------------+
//| Signal Display                                                   |
//+------------------------------------------------------------------+

void DrawBuySignal(int shift)
{
   if(!ShowSignals)
      return;

   datetime signalTime = iTime(_Symbol, _Period, shift);
   double signalPrice  = iLow(_Symbol, _Period, shift);

   string name = "SMC_BUY_" + IntegerToString((int)signalTime);

   if(ObjectFind(0, name) >= 0)
      return;

   ObjectCreate(0, name, OBJ_ARROW_BUY, 0, signalTime, signalPrice);

   ObjectSetInteger(0, name, OBJPROP_WIDTH, 2);
}


void DrawSellSignal(int shift)
{
   if(!ShowSignals)
      return;

   datetime signalTime = iTime(_Symbol, _Period, shift);
   double signalPrice  = iHigh(_Symbol, _Period, shift);

   string name = "SMC_SELL_" + IntegerToString((int)signalTime);

   if(ObjectFind(0, name) >= 0)
      return;

   ObjectCreate(0, name, OBJ_ARROW_SELL, 0, signalTime, signalPrice);

   ObjectSetInteger(0, name, OBJPROP_WIDTH, 2);
}

//+------------------------------------------------------------------+
//| Main Chart Scanner                                               |
//+------------------------------------------------------------------+

int OnCalculate(
   const int rates_total,
   const int prev_calculated,
   const datetime &time[],
   const double &open[],
   const double &high[],
   const double &low[],
   const double &close[],
   const long &tick_volume[],
   const long &volume[],
   const int &spread[]
)
{
   // We need enough candles to identify structure.
   int minimumBars = (SwingLookback * 2) + 10;

   if(rates_total < minimumBars)
      return 0;

   // Only process the most recently closed candle.
   // Shift 1 = last completed candle.
   int shift = 1;

   // ---------------------------------------------------------------
   // Find the most recent confirmed swing high and swing low.
   // ---------------------------------------------------------------

   double previousSwingHigh = 0.0;
   double previousSwingLow  = 0.0;

   for(int i = shift + SwingLookback;
       i < rates_total - SwingLookback;
       i++)
   {
      if(IsSwingHigh(i))
      {
         previousSwingHigh = iHigh(_Symbol, _Period, i);
         break;
      }
   }

   for(int i = shift + SwingLookback;
       i < rates_total - SwingLookback;
       i++)
   {
      if(IsSwingLow(i))
      {
         previousSwingLow = iLow(_Symbol, _Period, i);
         break;
      }
   }

   // ---------------------------------------------------------------
   // Check for a valid BUY setup.
   // ---------------------------------------------------------------

   if(EnableBuySignals && previousSwingHigh > 0.0)
   {
      if(ValidBuySetup(shift, previousSwingHigh))
         DrawBuySignal(shift);
         SendBuyAlert(shift);
   }

   // ---------------------------------------------------------------
   // Check for a valid SELL setup.
   // ---------------------------------------------------------------

   if(EnableSellSignals && previousSwingLow > 0.0)
   {
      if(ValidSellSetup(shift, previousSwingLow))
         DrawSellSignal(shift);
         SendSellAlert(shift);
   }

   return rates_total;
}

//+------------------------------------------------------------------+
//| Alert System                                                     |
//+------------------------------------------------------------------+

datetime LastBuyAlertTime  = 0;
datetime LastSellAlertTime = 0;


void SendBuyAlert(int shift)
{
   if(!EnableAlerts)
      return;

   datetime signalTime = iTime(_Symbol, _Period, shift);

   // Prevent repeated alerts for the same candle.
   if(signalTime == LastBuyAlertTime)
      return;

   LastBuyAlertTime = signalTime;

   string message =
      _Symbol + " " +
      EnumToString(_Period) +
      " - SMC BUY setup confirmed";

   Alert(message);
   Print(message);
}


void SendSellAlert(int shift)
{
   if(!EnableAlerts)
      return;

   datetime signalTime = iTime(_Symbol, _Period, shift);

   // Prevent repeated alerts for the same candle.
   if(signalTime == LastSellAlertTime)
      return;

   LastSellAlertTime = signalTime;

   string message =
      _Symbol + " " +
      EnumToString(_Period) +
      " - SMC SELL setup confirmed";

   Alert(message);
   Print(message);
}