SMC Entry & Exit Strategy (Multi-Timeframe)

//version=5
indicator("SMC Entry & Exit Strategy (Multi-Timeframe)", overlay=true)

// User-defined higher timeframe selection (Use "240" for 4H, "60" for 1H, etc.)
htf = input.timeframe("240", "Higher Timeframe (minutes)")

// Get higher timeframe values
htfOpen = request.security(syminfo.tickerid, htf, open)
htfHigh = request.security(syminfo.tickerid, htf, high)
htfLow = request.security(syminfo.tickerid, htf, low)
htfClose = request.security(syminfo.tickerid, htf, close)

// Identify Higher Timeframe Market Structure (BOS & CHoCH)
var float htfPrevHigh = na
var float htfPrevLow = na

htfPrevHigh := (htfHigh[1] > htfHigh[2]) ? htfHigh[1] : htfPrevHigh
htfPrevLow := (htfLow[1] < htfLow[2]) ? htfLow[1] : htfPrevLow

htfBullishBOS = (htfHigh > htfPrevHigh)
htfBearishBOS = (htfLow < htfPrevLow)

htfBullishCHoCH = (htfBearishBOS and (htfHigh > htfPrevHigh))
htfBearishCHoCH = (htfBullishBOS and (htfLow < htfPrevLow))

// Higher Timeframe Order Blocks
htfBullishOB = (htfClose[2] < htfOpen[2]) and (htfClose > htfHigh[2])
htfBearishOB = (htfClose[2] > htfOpen[2]) and (htfClose < htfLow[2])

// Get lower timeframe structure
var float prevHigh = na
var float prevLow = na

prevHigh := (high[1] > high[2]) ? high[1] : prevHigh
prevLow := (low[1] < low[2]) ? low[1] : prevLow

bullishBOS = (high > prevHigh)
bearishBOS = (low < prevLow)

bullishCHoCH = (bearishBOS and (high > prevHigh))
bearishCHoCH = (bullishBOS and (low < prevLow))

// Order Blocks with Volume Confirmation
avgVolume = ta.sma(volume, 20) // 20-period average volume

bullishOB = (close[2] < open[2]) and (close > high[2]) and (volume > avgVolume)
bearishOB = (close[2] > open[2]) and (close < low[2]) and (volume > avgVolume)

// Confirm entries with HTF Order Blocks
htfOBConfluence = ((htfBullishOB and (close > htfLow)) or (htfBearishOB and (close < htfHigh)))

// Entry Confirmation with HTF Confluence
bullishEntry = (bullishOB and (low <= high[2]) and htfOBConfluence)
bearishEntry = (bearishOB and (high >= low[2]) and htfOBConfluence)

// Exit Targets
bullishExit = (bullishEntry and (high >= prevHigh))
bearishExit = (bearishEntry and (low <= prevLow))

// Plot HTF BOS & CHoCH
plotshape(htfBullishBOS, location=location.belowbar, color=color.green, style=shape.labelup, title="HTF Bullish BOS")
plotshape(htfBearishBOS, location=location.abovebar, color=color.red, style=shape.labeldown, title="HTF Bearish BOS")
plotshape(htfBullishCHoCH, location=location.belowbar, color=color.blue, style=shape.labelup, title="HTF Bullish CHoCH")
plotshape(htfBearishCHoCH, location=location.abovebar, color=color.orange, style=shape.labeldown, title="HTF Bearish CHoCH")

// Highlight Order Blocks
bgcolor(htfBullishOB ? color.green : na, transp=85)
bgcolor(htfBearishOB ? color.red : na, transp=85)
bgcolor(bullishOB ? color.green : na, transp=80)
bgcolor(bearishOB ? color.red : na, transp=80)

// Entry & Exit Alerts
alertcondition(bullishEntry, title="Bullish Entry", message="HTF Order Block Retest - Potential Long Entry")
alertcondition(bearishEntry, title="Bearish Entry", message="HTF Order Block Retest - Potential Short Entry")
alertcondition(bullishExit, title="Bullish Exit", message="Target Hit - Consider Exiting Long")
alertcondition(bearishExit, title="Bearish Exit", message="Target Hit - Consider Exiting Short")

// Plot Entry & Exit Signals
plotshape(bullishEntry, location=location.belowbar, color=color.green, style=shape.triangleup, title="Buy Signal")
plotshape(bearishEntry, location=location.abovebar, color=color.red, style=shape.triangledown, title="Sell Signal")
plotshape(bullishExit, location=location.abovebar, color=color.blue, style=shape.square, title="Exit Long")
plotshape(bearishExit, location=location.belowbar, color=color.purple, style=shape.square, title="Exit Short")