SMT Indicator
Please ensure you enable extended hours on your chart in TradingView This indicator is best used with a real-time data subscription to NYSE (Arca)
The script will plot the following EMAs:
5, 9, 21, and 200
The user will be able to choose what color and format the EMA will be in but the periods are set.
The indicator's primary purpose is to look for areas of potential momentum shifts (i.e. ema crossovers). However, this indicator is unique in that it will only give a signal if 2 other criteria are met along with the 9 and 21 ema crossover.
The criteria are as follows:
A "sell" signal will be generated if a bearish 9/21 ema crossover occurs while 2 other confirming conditions are present. Alerts are configurable.
A "buy" signal will be generated if a bullish 9/21 ema crossover occurs while while 2 other confirming conditions are present. Alerts are configurable
The script will also plot the previous HOD and LOD of the SPY ETF as horizontal lines (extended in both directions) that can be configured with whatever color the user prefers.
The script will plot the following EMAs:
5, 9, 21, and 200
The user will be able to choose what color and format the EMA will be in but the periods are set.
The indicator's primary purpose is to look for areas of potential momentum shifts (i.e. ema crossovers). However, this indicator is unique in that it will only give a signal if 2 other criteria are met along with the 9 and 21 ema crossover.
The criteria are as follows:
A "sell" signal will be generated if a bearish 9/21 ema crossover occurs while 2 other confirming conditions are present. Alerts are configurable.
A "buy" signal will be generated if a bullish 9/21 ema crossover occurs while while 2 other confirming conditions are present. Alerts are configurable
The script will also plot the previous HOD and LOD of the SPY ETF as horizontal lines (extended in both directions) that can be configured with whatever color the user prefers.
Release Notes:
Added functionality to allow the user decide what market hours alerts will be triggered during (i.e. 9:30-16:30)
Release Notes:
Massive SMT Indicator overhaul. Here is what's new in this version:
- Added capability to display 2m, 5m, 15m, 30m, and 1h signals on the same time frame! (I recommend 2m or 5m for best trade setups)
- You can enable or disable signals for any time frame in the indicator settings
- You can now set alerts for any of the defined timeframes above without having to switch charts
- Added a color coded dashboard that does the following
- Displays most recent signal on all time frames
- Says whether the signal was a buy or sell signal and colors the cell accordingly
- Gives the exact time and date the last signal occurred at
- Added capability to display 2m, 5m, 15m, 30m, and 1h signals on the same time frame! (I recommend 2m or 5m for best trade setups)
- You can enable or disable signals for any time frame in the indicator settings
- You can now set alerts for any of the defined timeframes above without having to switch charts
- Added a color coded dashboard that does the following
- Displays most recent signal on all time frames
- Says whether the signal was a buy or sell signal and colors the cell accordingly
- Gives the exact time and date the last signal occurred at
Release Notes:
Added VWAP
Release Notes:
Fixed signal inaccuracy bug
Release Notes:
Minor tweak
Release Notes:
None
Release Notes:
- Added key levels indicator into the script itself
- Removed a loop that caused performance issues: should be lag free now
- Added the option for 3m tf
-Added the option for the user to choose which tf are displayed on the dashboard
- Removed a loop that caused performance issues: should be lag free now
- Added the option for 3m tf
-Added the option for the user to choose which tf are displayed on the dashboard
Release Notes:
- Added 10 minute time frame
- Added dynamic support/resistance level that tracks price in real time
- Added "Chop Filter"
- Optimal settings given with access to code
- Added the ability to restrict signals/alerts to the desire time window the user desires (i.e. 9:30-16:00, 9:30-9:30 (for extended hours), etc.)
- Added the ability to enable/disable labeling on dynamic S/R
- Added dynamic support/resistance level that tracks price in real time
- Added "Chop Filter"
- Optimal settings given with access to code
- Added the ability to restrict signals/alerts to the desire time window the user desires (i.e. 9:30-16:00, 9:30-9:30 (for extended hours), etc.)
- Added the ability to enable/disable labeling on dynamic S/R
Release Notes:
Added button to disable chop filter
Release Notes:
Updated alerts functionality
Release Notes:
Minor fix
Release Notes:
Chop indicator is now OFF by default
Release Notes:
Added toggle for 13/48 EMAs
Release Notes:
Improved chop filter
Release Notes:
Removing zones until free version issue is fixed
Release Notes:
NA
Release Notes:
Support and resistance labels removed and replaced with only text
Release Notes:
Updated order of 2m and 3m signals in table and settings
Release Notes:
None
Release Notes:
Fixed inverted colors on 2m and 3m dashboard
Release Notes:
Added option to enable EMA cloud.
- User can choose the colors for bullish and bearish clouds
- User can choose the transparency for the clouds
- User can choose the colors for bullish and bearish clouds
- User can choose the transparency for the clouds
Release Notes:
Added the ability to define a percentage based Profit Target and Stop Loss for 2m and 5m signals
- Configurable alerts for both SL and TP on both 2m and 5m time frames (for both buy and sell signals)
- Configurable alerts for both SL and TP on both 2m and 5m time frames (for both buy and sell signals)
Release Notes:
Fixed "Show 2m" and "Show 3m" being swapped
Release Notes:
Added 4th SMT Signal Criteria
Added PR (Potential Reversal) Signals
Added PR (Potential Reversal) Signals
Release Notes:
Fixed issue where PR signals were tied to EMA cloud
Release Notes:
Trend based candle coloring (akin to the same idea as heiken aishi, but not changing candle type)
PC (Potential Continuation) signal added for additional conviction (*still being tailored for accuracy*)
Kernel Regression Line (additional trend guide, typically falls inside the EMA cloud)
PC (Potential Continuation) signal added for additional conviction (*still being tailored for accuracy*)
Kernel Regression Line (additional trend guide, typically falls inside the EMA cloud)
Release Notes:
Fixed EMA cloud transparency
Release Notes:
Added SL Lines on most recent PR Signals
Release Notes:
Added Market Open Key Level
- Level can be enabled/disabled by the user
- Level Label can be enabled/disabled the user
- Level can be enabled/disabled by the user
- Level Label can be enabled/disabled the user