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Introducing the "Smart Money Trap" (SMT) Indicator

The "Smart Money Trap" (SMT) indicator is a powerful tool designed for simultaneous analysis of multiple currency pairs and their correlations. This indicator allows you to effortlessly visualize divergences and correlations between various currency pairs on a single chart, enhancing your ability to perform in-depth technical analysis.

Key Features:
Multi-Currency Comparison:

The SMT indicator enables you to view the following currency pairs simultaneously:
EUR/USD (Euro to US Dollar)
GBP/USD (British Pound to US Dollar)
USD/JPY (US Dollar to Japanese Yen)
DXY (US Dollar Index)
Correlation and Divergence Analysis:

By overlaying these currency pairs, the SMT indicator helps you identify correlations and divergences between them, which can signal potential trading opportunities.
Customizable Timeframes:

The indicator automatically adjusts to the current chart’s timeframe, ensuring that your analysis is always in sync with the selected period.
Enhanced Decision-Making:

With the ability to visualize multiple currency pairs and their relationships, you can make more informed trading decisions and better understand market dynamics.
The SMT indicator is a valuable tool for traders looking to track and analyze currency pair interactions and identify trading signals based on their correlations and divergences.
Candlestick analysisCycles

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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