OPEN-SOURCE SCRIPT
PSP (Precision Swing Point - CIC SMT)
PSP SMT – Correlation Stages Indicator
The PSP SMT – Correlation Stages indicator is designed to identify Smart Money divergences (SMT) between correlated markets through a progressive, stage-based model.
It visually classifies price behavior into correlation stages, helping traders detect early imbalance, confirmation, and distribution phases used by institutional participants.
By comparing a primary asset with a correlated symbol, the indicator highlights loss of correlation, displacement, and confirmation signals, offering a structured framework to anticipate potential reversals or continuations within ICT-based market models.
Ideal for traders who apply ICT concepts, intermarket analysis, and liquidity-based strategies, the PSP SMT enhances timing, context, and confidence in decision-making.
The PSP SMT – Correlation Stages indicator is designed to identify Smart Money divergences (SMT) between correlated markets through a progressive, stage-based model.
It visually classifies price behavior into correlation stages, helping traders detect early imbalance, confirmation, and distribution phases used by institutional participants.
By comparing a primary asset with a correlated symbol, the indicator highlights loss of correlation, displacement, and confirmation signals, offering a structured framework to anticipate potential reversals or continuations within ICT-based market models.
Ideal for traders who apply ICT concepts, intermarket analysis, and liquidity-based strategies, the PSP SMT enhances timing, context, and confidence in decision-making.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.