Time based SMT

6 hari lalu

This indicator identifies SMT (Smart Money Technique) divergences using a rolling 3-candle swing logic.

It compares the highs and lows of the current chart with those of a user-defined comparison instrument (e.g., ES1!). When price makes a higher high or lower low, but the comparison instrument does not (or vice versa), it highlights potential SMT divergence.

Key Features:

Detects bullish and bearish SMT divergences

Uses rolling 3-candle swing points as reference

Draws divergence lines and labels on chart

Optionally removes invalidated SMTs

Customizable comparison instrument

Bullish SMT:
Price makes a lower low, but comparison instrument does not → potential reversal up

Bearish SMT:
Price makes a higher high, but comparison instrument does not → potential reversal down

This tool is useful for identifying potential turning points and areas of interest based on intermarket divergence between correlated instruments.

5 hari lalu

Nota Keluaran

🔧 Version 1.1 – SMT logic fix and label improvements

• Fixed a critical issue where altHigh/altLow values could become unsynchronized with the cycle, causing false SMT signals.
• Alt instrument values are now tracked using cycle-based logic for perfect alignment.
• Label system simplified: displays only instrument symbol (e.g. SMT ES), without background.
• Label position is now dynamically offset based on alt instrument volatility for consistent placement.