Can I use Smart Shunt with Wakespeed 500 and Small BMS NG. I do not have cerbo

This will not work, at least not when using a single BatteryProtect for both charge and discharge, since BPs are only unidirectional. So you could use one to shutoff loads and another to shutoff charge sources. But even then i would be cautious with shutting off a charge source with a BP. Theres scenarios where a reverse current can flow from the battery to the charge source, which would instantly fry the BP.

I assume you are talking about the shunt capability that the WS500 offers? For this you need a bare Shunt, without the electronics, see this post for example

But adding a shunt to the WS500 wont help much if theres nothing reading that information. I recommend to use a GX device and a regular VE.Bus BMS NG. The WS500 fully integrates into the Victron system, through Canbus. Then theres no need to physically switch it.