SMT Indicator with Fibonacci Retracement Levels
*Now with pre-loaded SPY Fibonacci Retracement Levels drawn from the daily time frame. These can be used as additional levels of support/resistance for profit taking and stop losses*
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.
- 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 VWAP
- Updated Fib Levels
- 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
- Updated Fib levels based on most recent price action
- 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
- Added dynamic support/resistance level that tracks price in real time
- Added "Chop Filter" + button to disable it
- 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
- Had to remove a few fibs due to max output limitation by TradingView
- User can choose the colors for bullish and bearish clouds
- User can choose the transparency for the clouds
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact StockManTrading directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact StockManTrading directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.