SMT Divergences (Swing Suite)
The Smart Money Technique (SMT) is a powerful approach to detecting divergences between correlated instruments. The TRN SMT/Divergence Suite enables you to compare markets such as NQ vs. ES or BTCUSDT vs. ETHUSDT, identifying divergences that can reveal subtle shifts in trend dynamics.
For example, if the NQ reaches a new higher high while the ES fails to follow suit and forms a lower high instead, the TRN SMT/Divergence Suite will plot a divergence. Such occurrences suggest that the prevailing trend may be losing momentum, increasing the likelihood of a reversal.
Settings​
Within the TRN SMT/Divergence Suite's settings, you have the option to select up to two different markets to compute SMT divergences, allowing for more flexible and comprehensive market comparisons.
Combine SMT analysis with Market Structure for enhanced trading decisions.