OPEN-SOURCE SCRIPT

PSP - Swing Point - Daye Quarterly Theory - 3 Assets (2 vs 1)

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This indicator detects divergences in candles across three closely related assets in a 2vs1 scenario. For example, when NQ and ES close bullish and YM closes bearish these candles are coloured teal. The colour can be changed in the settings.

In addition there is swing point detection. However, instead of displaying all of the swing points that occur, this indicator will only label those which occur on candles which show a divergence between three closely related assets.

These have been named Precision Swing Points, or PSPs, by Trader Daye and are a key part of his teaching on Quarterly Theory.

This works across all timeframes.

I have also created the same indicator in a 1vs1 scenario (for example, NQ vs ES), you can find that here: https://www.tradingview.com/v/0gVjvvpB/

I am also planning to release one other version:
- One which detects PSPs between 3 assets

Other indicators which are show on the chart below and are highly recommended for Quarterly Theory:
Quarterly Theory Smart Money Assistant - tradingview.com/v/b8LSdK3F/ - by [IndiTraderTech]x.com/IndiTraderTech
Triad QT Beta - tradingview.com/v/oiNkpyLT/ - by @darkmiki2
Daye Quarterly Theory by toodegrees - tradingview.com/v/n2aeO1GB/ - by toodegrees
ICT NWOG/NDOG - tradingview.com/v/bUKJF0Gm/ - by Fadi

snapshot

Notes:
- I recommend adding this script on just one asset - I use it on YM or RTY
- Candles which close the same as what they open at are considered bullish

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