OPEN-SOURCE SCRIPT
Updated ICT SMT + Quarterly Theory (Combined)
This simple script shows classic SMT between ES,NQ and YM and presents the information in a handy table as well as posting an alert by the relevant candle. Recent SMT's (within 30 mins) will flash yellow in the table to aid awareness. Pivot sensitivity can be adjusted in the settings.
Also included is a quarterly sequence display that follows Dayes quarterly theory. I have found that SMT's that occur within certain sequences provide a powerful indication of where the market is likely to head so its included here for your own experimentation.
I hope you find this indicator interesting.
Also included is a quarterly sequence display that follows Dayes quarterly theory. I have found that SMT's that occur within certain sequences provide a powerful indication of where the market is likely to head so its included here for your own experimentation.
I hope you find this indicator interesting.
Release Notes
Some SMT's were repainting so that has now been fixedThe contents of the table are now pasted on to the price chart as a double backup
Release Notes
Improved SMT detection logic and cleaned up displayRelease Notes
Added a nano and weekly option for the quarters section of the indicatorRelease Notes
Small change to show correct weekly quartersRelease Notes
cleaned up example chartRelease Notes
Added SSMT with options to display a table of most recent SSMT's, adjust opacity of SSMT labels, Adjust colours of SSMT lines. Or you can uncheck all of the options to just display standard SMT'sRelease Notes
Included live unconfirmed SSMT's which paint on the price chart and are also shown in a table. Once the current sequence closes the SSMT will change to confirmed if its still validOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.