OPEN-SOURCE SCRIPT
cracks in correlation (smt)
introducing what (in my opinion) might be the best open-source smt divergence indicator yet!
as you may know, an SMT divergence forms when 2 correlated pairs' structure diverges (i.e. NQ makes a higher high and ES makes a lower high). when this happens, smart money traders take advantage of the "crack in correlation" and enter positions looking for the assets to converge again. with this indicator, you will NEVER miss an smt again!
allow me to bore you with the technicals for a bit. while most smt indicators only compare 2 pivots, this one (using the amazing ZigZag library by Trendoscope), allows us to compare up to 128 different pivots at once, ensuring that every high is compared with every other high. this setting is controlled using the "memory buffer" counter inside the inputs of the indicator. raising this setting will make the indicator take more time to load, but will also show you more potential smts. using this zigzag, we're able to check whether the corresponding asset's structure is the same as the current one.
all of the other settings should be self-explanatory, but should you have any questions, you can reach out to me in the comments below.
as this indicator is open-source, feel free to reuse it as you wish, but if you are re-using significant portions of it, please credit me. it would mean a lot to me :>
thank you for using my indicator. happy trading!
as you may know, an SMT divergence forms when 2 correlated pairs' structure diverges (i.e. NQ makes a higher high and ES makes a lower high). when this happens, smart money traders take advantage of the "crack in correlation" and enter positions looking for the assets to converge again. with this indicator, you will NEVER miss an smt again!
allow me to bore you with the technicals for a bit. while most smt indicators only compare 2 pivots, this one (using the amazing ZigZag library by Trendoscope), allows us to compare up to 128 different pivots at once, ensuring that every high is compared with every other high. this setting is controlled using the "memory buffer" counter inside the inputs of the indicator. raising this setting will make the indicator take more time to load, but will also show you more potential smts. using this zigzag, we're able to check whether the corresponding asset's structure is the same as the current one.
all of the other settings should be self-explanatory, but should you have any questions, you can reach out to me in the comments below.
as this indicator is open-source, feel free to reuse it as you wish, but if you are re-using significant portions of it, please credit me. it would mean a lot to me :>
thank you for using my indicator. happy trading!
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
@k4sual everywhere
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
@k4sual everywhere
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。