The SMT Divergences indicator highlights SMT divergences between the chart symbol and two user-selected tickers (ES and YM by default).
A dashboard returning the SMT divergences statistics is also provided within the settings.
Swing Lookback: Calculation window used to detect swing points.
Comparison Ticker: If enabled, will detect SMT...
if you want to find the stronger/weaker pair between eurusd and gbpusd, what you can do is check the eurgbp charts. if eurgbp is bullish, that means, that longs longs on eurusd are better than on gbpusd.
Unfortunately, there is no such thing to compare for example usoil with ukoil, or us100 with us500.
That's where this indicator comes in handy. You can...
Overlay a small plot of a correlated asset of your choosing. Shrink/expand, Set vertical and horizontal position, plot multiple mini-plots via duplicate indicators with varied settings.
Plots the last X bars of any asset; including the live candle currently painting
Useful for low time frame trading when you want to see correlated asset price movement right...
Calculates Fair Value Gap (FVG) as a counter and plots it below price.
FVG Counter value resets to +ve or -ve once the FVG counter reverses direction.
Use this script to find a bias to trade with.
Best used on HTF (like 1W, 1D), so the bias can be transferred to LTF (like 4H, 1H).
If you end up using this script, please leave a comment below on how you used it. I...
This indicator consists of 3 features:
1. Plots label to the right for current market structure
2. Plots dashed line to show where the next market structure would be
3. Draws arrows above/below historical market structure breaks
This might get a little to noisy in ranging markets or lower timeframes but it does the job.
Credits to @SimpleCryptoLife for the...