Pegasus – SMT Divergence (Hybrid: Sync/Async NQ Optimized)

This script automatically identifies Smart Money Technique (SMT) divergences between two selected symbols (e.g., NQ & ES) and marks them visually on the chart.

Key Features:

Hybrid detection: supports both synchronous and asynchronous divergences

Multi-market support: optimized for NASDAQ (NQ) and S&P500 (ES), but also applicable to Forex, Crypto, and other markets

Visual controls: optional display or hiding of divergence lines, labels, and primary pivot links

Precise signal logic: detection of equal highs and equal lows with subsequent confirmation through SMT divergence

Specifically designed for intraday futures trading

Use Case:
The tool supports traders in analyzing SMT divergences as confluence for their strategies.

Disclaimer:
This script is not an automated trading system but is intended solely for analysis and decision support.

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