OPEN-SOURCE SCRIPT
CandelaCharts - SMT
📝 Overview
The CandelaCharts – SMT indicator is a professional-grade Smart Money Technique (SMT) divergence detector designed to compare price action between correlated markets (intermarket analysis).
It identifies moments where the main chart makes a swing high or low while one or more comparison symbols fail to confirm the move—revealing potential institutional imbalance, distribution, or accumulation.
By automatically detecting pivot-based divergences and drawing clean, contextual lines and labels directly on price, SMT helps traders spot high-probability reversal or continuation zones driven by relative strength and weakness across markets.
📦 Features
⚙️ Settings
⚡️ Showcase
Bullish and Bearish SMTs
Bearish SMTs
Bullish SMTs
🚨 Alerts
This indicator does not include built-in alert conditions.
⚠️ Disclaimer
This indicator is provided for educational and informational purposes only and does not constitute financial or investment advice. Trading and investing involve substantial risk, and losses can exceed expectations. Past performance is not indicative of future results. You are solely responsible for your trading decisions. CandelaCharts assumes no liability for any outcomes resulting from the use of this indicator.
The CandelaCharts – SMT indicator is a professional-grade Smart Money Technique (SMT) divergence detector designed to compare price action between correlated markets (intermarket analysis).
It identifies moments where the main chart makes a swing high or low while one or more comparison symbols fail to confirm the move—revealing potential institutional imbalance, distribution, or accumulation.
By automatically detecting pivot-based divergences and drawing clean, contextual lines and labels directly on price, SMT helps traders spot high-probability reversal or continuation zones driven by relative strength and weakness across markets.
📦 Features
- Automatic SMT divergence detection – Identifies divergences between the main chart and up to two comparison symbols.
- Pivot-based logic – Uses swing highs and swing lows to ensure structurally meaningful SMT signals.
- Dual-symbol comparison – Compare the main market against one or two correlated instruments simultaneously.
- Bullish & bearish SMT filtering – Show only bullish, bearish, or both divergence types.
- Clear visual mapping – Divergence lines are drawn directly between pivots for intuitive price-context reading.
- Smart labels – Compact labels display symbol(s), volume, and directional markers.
- Detailed tooltips – Hover tooltips include divergence type, symbols involved, prices, volume, timestamps, and pivot settings.
- Highly customizable visuals – Control colors, line width, and label styling.
⚙️ Settings
- Lookback – Pivot lookback length used to detect swing highs and lows. Higher values produce fewer but more significant SMT signals.
- Bias – Control which SMTs are displayed: Both, Bearish or Bullish
- Swing High Color – Line and label color for SMT at swing highs.
- Swing Low Color – Line and label color for SMT at swing lows.
- Line Width – Thickness of SMT divergence lines.
- Symbol 1 – Enable and select the first comparison instrument (e.g., NQ vs ES).
- Symbol 2 – Enable and select the second comparison instrument (optional).
⚡️ Showcase
Bullish and Bearish SMTs
Bearish SMTs
Bullish SMTs
🚨 Alerts
This indicator does not include built-in alert conditions.
⚠️ Disclaimer
This indicator is provided for educational and informational purposes only and does not constitute financial or investment advice. Trading and investing involve substantial risk, and losses can exceed expectations. Past performance is not indicative of future results. You are solely responsible for your trading decisions. CandelaCharts assumes no liability for any outcomes resulting from the use of this indicator.
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.
🔵 Tools that give you the edge: candelacharts.com/.
🔵 Join our free discord for updates: candelacharts.com/community
🔵 Join our free discord for updates: candelacharts.com/community
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.
🔵 Tools that give you the edge: candelacharts.com/.
🔵 Join our free discord for updates: candelacharts.com/community
🔵 Join our free discord for updates: candelacharts.com/community
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.