TruePSP

TruePSP V2🟢 – Precision Swing Points with True Opens
TruePSP is an advanced trading indicator that combines Precision Swing Point (PSP) candles with institutional reference levels known as True Opens, providing traders with a powerful lens to view price action through the eyes of Smart Money.

🔍 What is a PSP?
A PSP (Precision Swing Point) is a candle that forms when there's a crack in correlation between tightly linked indices—like NQ, ES, and YM. When one asset closes in a direction against the others, it reveals a potential displacement in sentiment, suggesting an early reversal or liquidity shift.

This makes PSPs:

Highly effective for anticipating market turning points

Strong confirmation tools for SMT/SSMT divergences

Useful in filtering low-probability setups

📐 Powered by True Opens
TruePSP integrates key True Open levels used by institutions to gauge premium vs. discount zones:

TSO – True Session Open

TDO – True Day Open

TWO – True Week Open

TMO – True Month Open

These levels help you:

Frame price in time-contextual zones

Identify where Smart Money is most likely active

Avoid chasing price in inefficient areas

⚙️ Features:
Detects PSPs through cross-asset correlation break logic

Plots True Opens to define trading bias zones

Enhances SMT/SSMT-based strategies

Useful across all timeframes

Designed for precision entries, exits, and bias

⚠️ To keep the PSP candle colors visible when other indicators overlap:

Right-click on the PSP candle
Select Visual Order
Click Send to Back

This will place the candle color beneath price and indicator overlays while still being visible on the chart.

TruePSP helps you trade with timing, structure, and confidence—where precision meets power.