Smart Money Breakouts [another version]

Smart Money Breakouts — Structure-Based Breakout & Risk Engine

Smart Money Breakouts is a deterministic, structure-driven breakout system built around BOS / CHoCH detection, conservative execution logic, and post-entry risk management.
The script follows a strict candidate-based entry model inspired by institutional price structure — without repainting and without retroactive signal changes.

This tool is designed for systematic traders and automation users who want consistent execution logic, objective structure confirmation, and machine-readable alerts suitable for external trade processing.

Core Concept

The indicator detects:

• Swing BOS (Break of Structure)
• Swing CHoCH (Change of Character)
• Internal impulse structure
• Valid breakout legs

Every BOS / CHoCH event creates a trade candidate.

A candidate remains valid only for a limited time window.
Entry is allowed only on the first bar after the confirmed structure break.

If the candidate expires — the trade is skipped.

This prevents:

• late entries
• structure drift execution
• chasing consolidation breakouts

All signals are generated on bar close and the script does not repaint.

Structure-Anchored TP / SL (Entry-Centric)

Risk parameters are calculated after entry, using the nearest valid structure anchor.

For each trade:

• BOS / CHoCH → structure window
• price extreme is detected inside the window
• structure distance is measured
• TP / SL are derived proportionally

If structure distance cannot be resolved, an ATR-based fallback is used to avoid undefined risk.

TP1 is optional and acts as a break-even activation trigger.

The indicator does not filter trades using TP/SL logic —
risk handling occurs only after entry.

Obstacle-Aware Adaptive Targeting

The script includes a lightweight structural obstacle detector:

• scans recent swing pivots
• checks for opposing structure inside the TP path
• if an obstacle is closer than TP — TP is adapted
• SL is recalculated proportionally to maintain RR consistency

This improves execution robustness in:

• liquidity absorption zones
• frontal resistance clusters
• local structural ceilings

Trades that are too small after adaptation may be rejected.

Built-In Filters (Fully Optional)

All filters can be enabled/disabled:

• Volume bias filter
• Higher-Timeframe direction bias
• Multi-Timeframe structure bias
• Dead-session / low-liquidity filter
• Minimum swing size filter
• Minimum spread / volatility filter
• Max TP/SL distance
• Minimum viable trade size

The script does not pull external market data — all logic is chart-native.

Break-Even & Exit Priority

Break-even activates only after TP1 is hit and is applied on the next bar to avoid intrabar ambiguity.

Execution order is deterministic:

Stop-Loss

TP1 / Break-Even

TP2 (full target)

Only one outcome may occur per bar.

This eliminates conflicting intrabar states and ensures reproducible backtests.

Alerts & Automation

Alerts are emitted only on confirmed entry signals.

Payloads export structured values:

• entry price
• TP1
• TP2
• SL
• symbol / exchange / timeframe / timestamp

The indicator does not execute trades.
Automation must be handled externally by the user.

Important Notes

This script:

• does not guarantee profitability
• is not financial advice
• should be forward-tested before live use
• is intended as a decision-support & execution framework

Trading involves risk — structure behavior does not imply future outcomes.