Perfect Buy Entry Point Checklist (M15) V4

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Script Title
Perfect Buy Entry Point Checklist (M15)

Script Description
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Overview
This indicator is a comprehensive toolkit designed to identify high-probability buy setups based on Smart Money Concepts (SMC). It was specifically built for lower timeframes like the 15-minute (M15) chart to help traders align their entries with institutional order flow.

The core of this script is a real-time, on-chart checklist that validates five key criteria before signaling a potential entry. The goal is to move beyond single-indicator signals and provide a more confluent, rules-based approach to trading.

Key Features
Real-Time Checklist Dashboard: An intuitive panel in the corner of your chart shows the status (✅ / ❌) of each rule, so you can see a setup forming in real-time.

Automatic Zone Detection: The indicator automatically identifies and plots Bullish Order Blocks (OB) and Fair Value Gaps (FVG), highlighting key areas of interest.

Clear "BUY" Signals: A clear "BUY" label appears below the price bar only when all five checklist conditions are met simultaneously.

Integrated Risk/Reward Planner: When a valid signal appears, the script automatically plots a hypothetical Entry Line, Stop Loss, and Take Profit based on your customizable R/R ratio (defaulting to 1:2.5).

Higher Timeframe Trend Filter: Includes an optional "Daily Focus" filter that uses a Daily EMA to ensure your M15 entries are aligned with the broader market trend.

How It Works: The 5-Point Checklist
The script will only generate a "BUY" signal if all of the following conditions are true:

1. 🔹 Liquidity Was Swept
The script first checks if the price has recently dipped below a key swing low or equal lows, only to quickly reverse. This is often a sign that institutional players have "swept" retail stop losses before pushing the price higher.

2. 🔹 Price Tapped a Strong Bullish Zone
After the sweep, the price must react from a significant smart money zone. The script confirms if the price has touched a pre-identified Bullish Order Block or filled a nearby Fair Value Gap (FVG).

3. 🔹 Momentum Confirmed the Reversal
A price reversal needs momentum behind it. This condition is met if there is a bullish confirmation from one of the following:

MACD bullish crossover or histogram turning positive.

RSI bouncing up from the 30-40 oversold area.

A strong bullish candle pattern, such as a Bullish Engulfing.

4. 🔹 Price Broke Market Structure (BoS/ChoCh)
To confirm that buyers are in control, the script looks for a Break of Structure (BoS) or a Change of Character (ChoCh). This occurs when the price breaks above a recent minor swing high, signaling a shift from bearish to bullish momentum.

5. 🔹 Risk/Reward is Favorable (Visual Tool)
While not a condition for the signal, this is a crucial part of the tool. Once a signal is confirmed, the script places a Stop Loss just below the liquidity sweep low and projects a Take Profit target based on your desired Risk/Reward ratio.

How to Use
Apply to an M15 Chart: This script is optimized for the 15-minute timeframe but can be tested on others.

Monitor the Dashboard: Watch the checklist panel in the top-right corner. A potential setup is forming as more conditions turn green (✅).

Wait for the Signal: Do not enter a trade until the official "BUY" label appears below a candle. This confirms all rules have been met.

Manage Your Trade: Use the automatically plotted R/R lines as a guide for setting your Stop Loss and Take Profit levels. Always adjust based on your own analysis and risk management rules.