SMC Daily Sweep Entry
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Ravi Shakya
I’m Ravi Shakya, an MT5 developer with 5 years of trading experience in NEPSE and Forex. I use Smart Money Concepts (SMC) and price action to create simple and useful trading indicators, tools, and Expert Advisors. - Sürüm: 2.54
- Etkinleştirmeler: 10
An ICT / SMC indicator for MT5. It waits for a liquidity sweep of PDH / PDL, then a market structure shift back inside the range, and plots the trade.
Read the full documentation on the product blog: [Complete User Guide]
How to Use it
Chart Timeframe: 5 MIN / 15MIN
Recommended Symbols: EURUSD & GBPUSD
The model
- Marks PDH (previous day high) and PDL (previous day low) from the completed daily candle
- Waits for a liquidity grab — BSL taken above PDH, SSL taken below PDL
- Requires a stop hunt into the level, then displacement back inside the range
- Confirms with CHoCH (change of character) or BOS (break of structure) in the reversal direction
- Only then plots entry, SL, TP and the 1:1 level
Liquidity cascade — session to session
- Liquidity pools escalate through the day instead of resetting
- PDH swept in Asia → London hunts the Asian session high
- Asian high swept in London → NY hunts the London session high
- Works per side, so a swept high leaves the SSL below untouched
- Mirrors how session liquidity is taken in sequence: Asian range, London open, NY open
- Switch it off to trade PDH / PDL alone
Entry placement
- At the structure break level
- At the nearest FVG (fair value gap), IFVG (inversion FVG) or BPR (balanced price range)
- At the earliest imbalance in the displacement leg
- At a fib / OTE retracement between the break and the stop
Imbalance and inefficiency
- Detects FVG, IFVG and BPR inside the displacement leg
- Finds every open imbalance, not only the first
- Separate mitigation rule per type — any wick, close inside, or close beyond the far edge
- Optional filter: only take breaks containing an unmitigated inefficiency
Filters and market structure
- HTF trend filter — trade with higher-timeframe structure, or ignore it
- Internal and external structure tracked separately, each with its own swing lookback
- Background tint showing HTF bullish or bearish structure
- Maximum setups per trading day
On the chart
- Only the current state is drawn — no build-up of old zones, arrows and boxes
- Sweep marker names the level taken: PDL SWEEP , ASIA L SWEEP , LDN H SWEEP
- Killzone / session start and end lines
- RR boxes with labelled entry, SL and TP
- Optional setup panel
Alerts
- Entry setups, liquidity sweeps, bullish and bearish CHoCH / BOS
- Terminal popup and MT5 mobile push, independently switchable
Notes
- Evaluated on closed candles only — no repainting of confirmed setups
- Session times in broker server time, fully configurable
- Diagnostic log explains why each break was taken or skipped
- Suits forex, gold and indices on any timeframe
