PROTECTED SOURCE SCRIPT

Pegasus – SMT Divergence (Hybrid: Sync/Async NQ Optimized)

34
This script automatically identifies Smart Money Technique (SMT) divergences between two selected symbols (e.g., NQ & ES) and marks them visually on the chart.

Key Features:

Hybrid detection: supports both synchronous and asynchronous divergences

Multi-market support: optimized for NASDAQ (NQ) and S&P500 (ES), but also applicable to Forex, Crypto, and other markets

Visual controls: optional display or hiding of divergence lines, labels, and primary pivot links

Precise signal logic: detection of equal highs and equal lows with subsequent confirmation through SMT divergence

Specifically designed for intraday futures trading

Use Case:
The tool supports traders in analyzing SMT divergences as confluence for their strategies.

Disclaimer:
This script is not an automated trading system but is intended solely for analysis and decision support.

© 2025 Project Pegasus

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.