Session based SMT [domatoth]

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Session-Based SMT Divergence Indicator

This indicator identifies Smart Money Technique (SMT)
divergences between the current instrument and up to two
comparison symbols across different trading sessions or daily
timeframes.

Key Features:
- Tracks high/low divergences between correlated instruments
- Session-based analysis: London (03:00-12:00), Asia
(20:00-03:00), NY AM (09:30-12:00), NY PM (12:00-16:00) EST
- Automatically switches to daily high/low comparison on
daily/weekly/monthly timeframes
- Support for two comparison symbols simultaneously
- Visual SMT lines with symbol labels
- Option to remove broken/invalidated SMT levels

How It Works:
The indicator compares session (or daily) highs and lows
between your chart and the selected comparison instruments.
When one instrument breaks its high/low but the other
doesn't, it creates an SMT divergence - potentially signaling
a reversal or liquidity grab.

Color Coding:
- Red/Orange: Current breaks high, comparison doesn't
- Blue/Purple: Comparison breaks high, current doesn't
- Green/Lime: Current breaks low, comparison doesn't
- Aqua/Fuchsia: Comparison breaks low, current doesn't

Recommended Use:
- Compare correlated pairs (ES/NQ, EUR/GBP, etc.)
- Look for divergences at key levels
- Use lower timeframes for session-based analysis
- Switch to daily timeframe for daily SMT levels

Settings:
- Choose comparison symbols
- Enable/disable second symbol
- Toggle broken SMT removal
- Customize session times

Perfect for ICT concepts and Smart Money analysis.

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Versionshinweise

v1.1 fixed time ranges

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Versionshinweise

v1.2 session fixes