SMT Alert MTF [Elykia]

SMT Alert MTF [Elykia] - Smart Money Divergence Scanner

Overview
The SMT Alert MTF is an essential productivity tool for traders applying ICT (Inner Circle Trader) and SMC (Smart Money Concepts).
An SMT divergence ("Smart Money Technique") is one of the most powerful signals to confirm a trend reversal or market manipulation. It occurs when two highly correlated assets (e.g., Nasdaq and S&P500) move out of sync.

Instead of monitoring 3 different charts across 5 different timeframes manually, this indicator scans everything in the background and alerts you the moment a divergence appears.

💎 The Strategy: How to trade SMT?

SMT is not a blind entry signal; it is a confirmation tool.

1. The Context: Wait for price to reach a Key Level (POI, Order Block) or perform a Liquidity Sweep.
2. The Signal (Desynchronization):

• Bullish SMT: Asset A makes a Lower Low, but correlated Asset B makes a Higher Low (Refusal to go lower). This indicates institutional accumulation.
  

• Bearish SMT: Asset A makes a Higher High, but correlated Asset B makes a Lower High (Weakness). This indicates distribution.
  

• Execution: Once the SMT alert triggers on your timeframe (e.g., M1 or M5), look for a Change of Character (CHoCH) to enter the trade.
  

Key Features & Benefits

• ⚡ Multi-Timeframe Scanner (MTF): Monitor up to 5 timeframes simultaneously (e.g., 1m, 5m, 15m, 1h, 4h) on a single chart.
  

• 🔄 Smart Asset Detection: The script automatically recognizes your current chart and selects the relevant comparison assets:
  

• Trading NQ (Nasdaq) -> Compares with ES (S&P500).
  

• Trading 6E (Euro) -> Compares with 6B (British Pound).
  

• Trading Gold -> Compares with Silver.
  

• (You can also manually override with any symbol).
  

• 👀 Visual Clarity: A divergence line is drawn directly on price action (Red for Bearish, Blue for Bullish) labeled with the divergent ticker.
  

• 🔔 Comprehensive Alerts: Set up specific alerts for each timeframe (e.g., "Alert me only for M5 or M15 SMT").
  

Recommended Settings

1. Enable M1, M5, and M15 timeframes for intraday scalping.
2. Keep the automatic symbol detection enabled for Indices and Futures.

⚠️ DISCLAIMER
This indicator is for educational purposes only. Trading involves a high level of risk. SMT divergences should be used in confluence with other technical analysis factors. The author is not responsible for any financial losses.