Tum-Trades Gold Key Levels + SMT Confirmation
**Gold Key Levels + SMT Confirmation**
The indicator marks the price levels where gold often reacts, so you can spot possible reversal points. It also checks a second market to help confirm your entries.
**Levels it draws**
- **Previous Day High/Low (PDH/PDL)** in orange
- **Previous Week High/Low (PWH/PWL)** in blue
- **Previous Month High/Low (PMH/PML)** in purple
- **Previous Quarter High/Low (PQH/PQL)** in pink
- **Previous Year High/Low (PYH/PYL)** in yellow, off by default
- **Previous Hour High/Low** in grey
- **Session highs/lows** for Asia (teal), London (green) and New York (red), with each session shaded as a box on the chart
- **Opens:** Daily and Yearly Open are on by default, and you can switch on Weekly and Monthly. They show as dashed lines.
Each line is labelled with its name and price on the right side of the chart.
**"Taken" levels**
When price trades through a level, the line turns faint and dotted. This shows at a glance which levels have already been hit and which are still untouched. Untouched levels are usually the ones traders watch for a reaction. You can also choose to hide taken levels completely.
**Confirmation table (SMT)**
This works like the confirmation Socrates gets from the Mag 7. A table in the corner compares gold with silver, or with another market you choose:
- A **✔** means that market has taken the level today, and **–** means it hasn't.
- A row turns **orange** when the two markets disagree. For example, gold took the Asia low but silver didn't.
- The bottom row sums it up:
- **Bullish SMT ↑** means one market made a new low and the other didn't, which can hint at a move up.
- **Bearish SMT ↓** is the same idea at a high, which can hint at a move down.
- If you compare with the US dollar (DXY), tick **"Inverse correlation"**, because the dollar usually moves opposite to gold.
**Alerts**
You can get notified when any level is taken or when a new SMT divergence appears. To set this up, create an alert on the indicator and choose "Any alert() function call."
**Settings you can change**
- Every level can be turned on or off and recoloured.
- Session times are set in New York time.
- You can change the line width, the label position and whether prices show on labels.
- You can change the comparison market.
**Best used on:** a 1-, 5- or 15-minute GC1! chart. Session levels and the SMT table only work on charts of 1 hour or lower.
The indicator marks the price levels where gold often reacts, so you can spot possible reversal points. It also checks a second market to help confirm your entries.
**Levels it draws**
- **Previous Day High/Low (PDH/PDL)** in orange
- **Previous Week High/Low (PWH/PWL)** in blue
- **Previous Month High/Low (PMH/PML)** in purple
- **Previous Quarter High/Low (PQH/PQL)** in pink
- **Previous Year High/Low (PYH/PYL)** in yellow, off by default
- **Previous Hour High/Low** in grey
- **Session highs/lows** for Asia (teal), London (green) and New York (red), with each session shaded as a box on the chart
- **Opens:** Daily and Yearly Open are on by default, and you can switch on Weekly and Monthly. They show as dashed lines.
Each line is labelled with its name and price on the right side of the chart.
**"Taken" levels**
When price trades through a level, the line turns faint and dotted. This shows at a glance which levels have already been hit and which are still untouched. Untouched levels are usually the ones traders watch for a reaction. You can also choose to hide taken levels completely.
**Confirmation table (SMT)**
This works like the confirmation Socrates gets from the Mag 7. A table in the corner compares gold with silver, or with another market you choose:
- A **✔** means that market has taken the level today, and **–** means it hasn't.
- A row turns **orange** when the two markets disagree. For example, gold took the Asia low but silver didn't.
- The bottom row sums it up:
- **Bullish SMT ↑** means one market made a new low and the other didn't, which can hint at a move up.
- **Bearish SMT ↓** is the same idea at a high, which can hint at a move down.
- If you compare with the US dollar (DXY), tick **"Inverse correlation"**, because the dollar usually moves opposite to gold.
**Alerts**
You can get notified when any level is taken or when a new SMT divergence appears. To set this up, create an alert on the indicator and choose "Any alert() function call."
**Settings you can change**
- Every level can be turned on or off and recoloured.
- Session times are set in New York time.
- You can change the line width, the label position and whether prices show on labels.
- You can change the comparison market.
**Best used on:** a 1-, 5- or 15-minute GC1! chart. Session levels and the SMT table only work on charts of 1 hour or lower.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.