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SMT Divergence
SMT Divergence Indicator
This powerful indicator identifies high-probability reversal points by detecting SMT (Smart Money Technique) divergences between two correlated assets. It spots subtle shifts in market momentum, revealing when one asset fails to confirm the price action of another—often signaling an impending trend change.
Key Features:
Inter-Market Divergence Detection: Automatically compares the price action of the main symbol with a second user-defined asset.
Identifies Key Reversals: Pinpoints both bullish and bearish SMT divergences, highlighting hidden strength in downtrends and underlying weakness in uptrends.
Customizable Pivot Detection: Allows fine-tuning of the pivot length to adjust sensitivity for different market conditions and timeframes.
Flexible Display Modes: Choose between clean 'Lines' connecting the diverging pivots or precise 'Labels' marking the exact high/low points.
Full Visual Customization: Complete control over the colors and line thickness for seamless integration with your existing chart layout.
Built-in Alerts: Stay notified of every potential opportunity with alerts for both bullish and bearish signals.
Settings:
Core Parameters:
Comparison Symbol: Select the second asset to compare against for divergence analysis (e.g., NQ1! if you are charting ES1!).
Pivot Length: Defines the number of bars to the left and right required to confirm a pivot high or low.
Visual Settings:
Display Style: Choose to visualize divergences as 'Lines' or 'Labels'.
Bearish/Bullish Color: Set custom colors for bearish and bullish divergence indicators.
Line Width: Adjust the thickness of the divergence lines for optimal visibility.
Perfect for traders who utilize inter-market analysis to confirm trade ideas. The SMT Divergence indicator provides a crucial edge by exposing non-confirmations between related assets, allowing for earlier and more confident entries into potential market reversals.
This powerful indicator identifies high-probability reversal points by detecting SMT (Smart Money Technique) divergences between two correlated assets. It spots subtle shifts in market momentum, revealing when one asset fails to confirm the price action of another—often signaling an impending trend change.
Key Features:
Inter-Market Divergence Detection: Automatically compares the price action of the main symbol with a second user-defined asset.
Identifies Key Reversals: Pinpoints both bullish and bearish SMT divergences, highlighting hidden strength in downtrends and underlying weakness in uptrends.
Customizable Pivot Detection: Allows fine-tuning of the pivot length to adjust sensitivity for different market conditions and timeframes.
Flexible Display Modes: Choose between clean 'Lines' connecting the diverging pivots or precise 'Labels' marking the exact high/low points.
Full Visual Customization: Complete control over the colors and line thickness for seamless integration with your existing chart layout.
Built-in Alerts: Stay notified of every potential opportunity with alerts for both bullish and bearish signals.
Settings:
Core Parameters:
Comparison Symbol: Select the second asset to compare against for divergence analysis (e.g., NQ1! if you are charting ES1!).
Pivot Length: Defines the number of bars to the left and right required to confirm a pivot high or low.
Visual Settings:
Display Style: Choose to visualize divergences as 'Lines' or 'Labels'.
Bearish/Bullish Color: Set custom colors for bearish and bullish divergence indicators.
Line Width: Adjust the thickness of the divergence lines for optimal visibility.
Perfect for traders who utilize inter-market analysis to confirm trade ideas. The SMT Divergence indicator provides a crucial edge by exposing non-confirmations between related assets, allowing for earlier and more confident entries into potential market reversals.
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.