Smart money PSP with color themes

PSP with Color Themes — Price Strength Parity Indicator

PSP with Color Themes is a visual correlation indicator designed to detect Price Strength Parity (PSP) between the current chart symbol and a reference symbol.
It highlights candles where price behavior between two correlated instruments diverges or aligns, which is often used in SMT (Smart Money Technique) and intermarket analysis.

The indicator works directly on the chart and colors candles when a PSP condition is detected, using flexible and customizable color themes.

📌 What Is PSP (Price Strength Parity)?
PSP identifies situations where two correlated assets:
Move in opposite directions → Direct PSP (classic SMT divergence)
Move in the same direction → Inverse PSP (confirmation mode)
Such behavior often precedes:

1. Reversals
   
2. Continuations
   
3. Liquidity grabs
   
4. Market structure shifts
   

⚙️ Indicator Inputs
Reference Symbol

Defines the second asset used for comparison (e.g., ETHUSDT vs BTCUSDT).

Purpose:
To detect relative strength or weakness between two correlated markets.

Inverse Correlation Mode
Inverse Correlation Mode (true / false)
Allows switching between divergence-based and confirmation-based analysis.

Color Theme
Available presets:

• Green / Red
  
• Blue / Orange
  
• Purple / Yellow
  
• Teal / Pink
  
• Custom
  

Purpose:
Adapts the indicator visually to different chart styles and backgrounds.

📈 How to Use in Trading
Typical use cases:

• SMT divergence detection
  
• Intermarket confirmation
  
• Reversal timing
  
• Liquidity sweep context
  
• SMC / ICT models
  

Recommended combinations:

• Market Structure (BOS / CHoCH)
  
• Fair Value Gaps
  
• Liquidity levels
  
• Session highs /lows
  

⚠️ Important Notes

PSP is context-based, not a standalone entry system
Best results on correlated markets:

• BTC / ETH
  
• Indices (ES / NQ / YM)
  
• FX pairs (EURUSD / DXY)