OPEN-SOURCE SCRIPT
EZ SMT
Updated
Will draw other Indices on your Current Chart
Built in with ES, NQ, and YM, primarily for futures, can be used live to detect SMT, or in backtesting
When in replay mode, it's quite the annoyance to check SMT on other charts, you've got to update both / all charts simultaneously to get accurate SMT while backtesting
With this indicator, it displays any SMT indice that you want to check on your current chart, to compare current price with the SMT Price
Included with Offsets (Since many indices have higher or lower prices than the one you will be watching), allowing you to move the candles Y axis higher or lower to make it closer to or farther from current price
Built in with ES, NQ, and YM, primarily for futures, can be used live to detect SMT, or in backtesting
When in replay mode, it's quite the annoyance to check SMT on other charts, you've got to update both / all charts simultaneously to get accurate SMT while backtesting
With this indicator, it displays any SMT indice that you want to check on your current chart, to compare current price with the SMT Price
Included with Offsets (Since many indices have higher or lower prices than the one you will be watching), allowing you to move the candles Y axis higher or lower to make it closer to or farther from current price
Release Notes
Updated to allow Custom Colours per Indice to easily differentiate between them all when in close proximity (NQ can be a different colour from YM can be a different colour from ES and so on)Release Notes
Reworked some structuringAdded a scale option with references to look-alike futures indices (no references yet for YM)
In the indicator settings:
Offset = Bringing the SMT Candles closer to or farther away from your current candles
Scale = Multiplying the price of the indice by the number in Scale to increase the candle size for charts with significantly higher or lower prices than the SMT chart | WARNING: WILL MODIFY THE CANDLES VALUES, DO NOT USE SCALE FOR ACCURATE CANDLES
Release Notes
Reworked Indice selectorOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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