SMT - JimmyTrades

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🔧 SMT – JimmyTrades: Publication Rules and User Guide
📌 What This Script Does
This script detects Smart Money Traps (SMT) Divergences between the instrument on your chart and a comparative symbol (default: ES). It automatically plots both confirmed and unconfirmed bullish and bearish SMT setups across multiple timeframes.

These SMT divergences can help traders:

Identify potential reversal points

Confirm high-probability entries in line with smart money behavior

Enhance bias when confluence aligns with other market structure or liquidity factors

⚙️ Important Settings
Please make sure you correctly configure the following inputs:

Symbol: The comparative asset to check divergence against. Common examples: ES, NQ, SPX.

Session Type: Ensure this matches your chart’s session setting: Extended or Regular.

Adjustment Type: Match this to your chart (None, Dividends, or Splits) under TradingView’s chart settings (bottom-right corner).

Pivot Lookback: Controls the sensitivity of divergence detection (default is 15). Higher values reduce signal frequency.

Timeframes: You can enable up to six timeframes independently for SMT scanning.

🟢 Bullish SMT Signals
Bullish SMTs are identified when price on your chart makes a lower low, but the comparative symbol (e.g., ES) does not, suggesting potential accumulation or trap liquidity.

🔴 Bearish SMT Signals
Bearish SMTs are flagged when your chart makes a higher high, while the comparative symbol fails to do so, hinting at distribution or a stop run setup.

📈 How to Use This Script
Add the indicator to your chart.

Set the correct comparative symbol (e.g., ES for NQ, SPX for SPY, etc.).

Choose your preferred timeframes.

Watch for unconfirmed SMTs (dotted lines) as potential early warnings.

Look for confirmed SMTs (solid lines) once price respects the divergence zone for several bars.

Combine with structure, liquidity sweeps, killzones, and high-impact news for higher confluence.

🧠 Best Practices
Use SMT signals as part of a broader trade plan—not standalone entries.

Focus on SMTs forming after liquidity sweeps or during session opens (London/NY).

Combine with your higher-timeframe bias, breaker blocks, or Pegasus/Unicorn entry models.

⚠️ Limitations
Historical backtest may show perfect SMTs—real-time confirmation requires patience.

SMTs may not play out without proper context—avoid blindly entering based on signal alone.

This script is not financial advice—use at your own discretion and always manage risk.

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Note di rilascio

Update: 12/5/2025
Fix issue with old SMT not finding valid X1 point not deleting properly

Add ability to set alerts

l’altro ieri

Note di rilascio

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