diff --git a/src/__phutil_library_map__.php b/src/__phutil_library_map__.php
--- a/src/__phutil_library_map__.php
+++ b/src/__phutil_library_map__.php
@@ -1000,6 +1000,7 @@
     'DiffusionSetPasswordSettingsPanel' => 'applications/diffusion/panel/DiffusionSetPasswordSettingsPanel.php',
     'DiffusionSetupException' => 'applications/diffusion/exception/DiffusionSetupException.php',
     'DiffusionSourceHyperlinkEngineExtension' => 'applications/diffusion/engineextension/DiffusionSourceHyperlinkEngineExtension.php',
+    'DiffusionSourceLinkRemarkupRule' => 'applications/diffusion/remarkup/DiffusionSourceLinkRemarkupRule.php',
     'DiffusionSourceLinkView' => 'applications/diffusion/view/DiffusionSourceLinkView.php',
     'DiffusionSubversionCommandEngine' => 'applications/diffusion/protocol/DiffusionSubversionCommandEngine.php',
     'DiffusionSubversionSSHWorkflow' => 'applications/diffusion/ssh/DiffusionSubversionSSHWorkflow.php',
@@ -6685,6 +6686,7 @@
     'DiffusionSetPasswordSettingsPanel' => 'PhabricatorSettingsPanel',
     'DiffusionSetupException' => 'Exception',
     'DiffusionSourceHyperlinkEngineExtension' => 'PhabricatorRemarkupHyperlinkEngineExtension',
+    'DiffusionSourceLinkRemarkupRule' => 'PhutilRemarkupRule',
     'DiffusionSourceLinkView' => 'AphrontView',
     'DiffusionSubversionCommandEngine' => 'DiffusionCommandEngine',
     'DiffusionSubversionSSHWorkflow' => 'DiffusionSSHWorkflow',
diff --git a/src/applications/diffusion/application/PhabricatorDiffusionApplication.php b/src/applications/diffusion/application/PhabricatorDiffusionApplication.php
--- a/src/applications/diffusion/application/PhabricatorDiffusionApplication.php
+++ b/src/applications/diffusion/application/PhabricatorDiffusionApplication.php
@@ -40,6 +40,7 @@
       new DiffusionCommitRemarkupRule(),
       new DiffusionRepositoryRemarkupRule(),
       new DiffusionRepositoryByIDRemarkupRule(),
+      new DiffusionSourceLinkRemarkupRule(),
     );
   }
 
diff --git a/src/applications/diffusion/remarkup/DiffusionSourceLinkRemarkupRule.php b/src/applications/diffusion/remarkup/DiffusionSourceLinkRemarkupRule.php
new file mode 100644
--- /dev/null
+++ b/src/applications/diffusion/remarkup/DiffusionSourceLinkRemarkupRule.php
@@ -0,0 +1,221 @@
+<?php
+
+final class DiffusionSourceLinkRemarkupRule
+  extends PhutilRemarkupRule {
+
+  const KEY_SOURCELINKS = 'diffusion.links';
+
+  public function getPriority() {
+    return 200.0;
+  }
+
+  public function apply($text) {
+    return preg_replace_callback(
+      '@{(?:src|source)\b((?:[^}\\\\]+|\\\\.)*)}@m',
+      array($this, 'markupSourceLink'),
+      $text);
+  }
+
+  public function markupSourceLink(array $matches) {
+    $engine = $this->getEngine();
+    $text_mode = $engine->isTextMode();
+    $mail_mode = $engine->isHTMLMailMode();
+
+    if (!$this->isFlatText($matches[0]) || $text_mode || $mail_mode) {
+      // We could do better than this in text mode and mail mode, but focus
+      // on web mode first.
+      return $matches[0];
+    }
+
+    $metadata_key = self::KEY_SOURCELINKS;
+    $metadata = $engine->getTextMetadata($metadata_key, array());
+
+    $token = $engine->storeText($matches[0]);
+
+    $metadata[] = array(
+      'token' => $token,
+      'raw' => $matches[0],
+      'input' => $matches[1],
+    );
+
+    $engine->setTextMetadata($metadata_key, $metadata);
+
+    return $token;
+  }
+
+  public function didMarkupText() {
+    $engine = $this->getEngine();
+    $metadata_key = self::KEY_SOURCELINKS;
+    $metadata = $engine->getTextMetadata($metadata_key, array());
+
+    if (!$metadata) {
+      return;
+    }
+
+    $viewer = $engine->getConfig('viewer');
+    if (!$viewer) {
+      return;
+    }
+
+    $defaults = array(
+      'repository' => null,
+      'line' => null,
+      'commit' => null,
+      'ref' => null,
+    );
+
+    $tags = array();
+    foreach ($metadata as $ref) {
+      $token = $ref['token'];
+      $raw = $ref['raw'];
+      $input = $ref['input'];
+
+      $pattern =
+        '(^'.
+        '[\s,]*'.
+        '(?:"(?P<quotedpath>(?:[^\\\\"]+|\\.)+)"|(?P<rawpath>[^\s,]+))'.
+        '[\s,]*'.
+        '(?P<options>.*)'.
+        '\z)';
+      $matches = null;
+      if (!preg_match($pattern, $input, $matches)) {
+        $hint_text = pht(
+          'Missing path, expected "{src path ...}" in: %s',
+          $raw);
+        $hint = $this->newSyntaxHint($hint_text);
+
+        $engine->overwriteStoredText($token, $hint);
+        continue;
+      }
+
+      $path = idx($matches, 'rawpath');
+      if (!strlen($path)) {
+        $path = idx($matches, 'quotedpath');
+        $path = stripcslashes($path);
+      }
+
+      $parts = explode(':', $path, 2);
+      if (count($parts) == 2) {
+        $repository = nonempty($parts[0], null);
+        $path = $parts[1];
+      } else {
+        $repository = null;
+        $path = $parts[0];
+      }
+
+      $options = $matches['options'];
+
+      $parser = new PhutilSimpleOptions();
+      $options = $parser->parse($options) + $defaults;
+
+      foreach ($options as $key => $value) {
+        if (!array_key_exists($key, $defaults)) {
+          $hint_text = pht(
+            'Unknown option "%s" in: %s',
+            $key,
+            $raw);
+          $hint = $this->newSyntaxHint($hint_text);
+
+          $engine->overwriteStoredText($token, $hint);
+          continue 2;
+        }
+      }
+
+      if ($options['repository'] !== null) {
+        $repository = $options['repository'];
+      }
+
+      if ($repository === null) {
+        $hint_text = pht(
+          'Missing repository, expected "{src repository:path ...}" '.
+          'or "{src path repository=...}" in: %s',
+          $raw);
+        $hint = $this->newSyntaxHint($hint_text);
+
+        $engine->overwriteStoredText($token, $hint);
+        continue;
+      }
+
+      $tags[] = array(
+        'token' => $token,
+        'raw' => $raw,
+        'identifier' => $repository,
+        'path' => $path,
+        'options' => $options,
+      );
+    }
+
+    if (!$tags) {
+      return;
+    }
+
+    $query = id(new PhabricatorRepositoryQuery())
+      ->setViewer($viewer)
+      ->withIdentifiers(ipull($tags, 'identifier'));
+
+    $query->execute();
+
+    $repository_map = $query->getIdentifierMap();
+
+    foreach ($tags as $tag) {
+      $token = $tag['token'];
+
+      $identifier = $tag['identifier'];
+      $repository = idx($repository_map, $identifier);
+      if (!$repository) {
+        // For now, just bail out here. Ideally, we should distingiush between
+        // restricted and invalid repositories.
+        continue;
+      }
+
+      $drequest = DiffusionRequest::newFromDictionary(
+        array(
+          'user' => $viewer,
+          'repository' => $repository,
+        ));
+
+      $options = $tag['options'];
+
+      $line = $options['line'];
+      $commit = $options['commit'];
+      $ref_name = $options['ref'];
+
+      $link_uri = $drequest->generateURI(
+        array(
+          'action' => 'browse',
+          'path' => $tag['path'],
+          'commit' => $commit,
+          'line' => $line,
+          'branch' => $ref_name,
+        ));
+
+      $view = id(new DiffusionSourceLinkView())
+        ->setRepository($repository)
+        ->setPath($tag['path'])
+        ->setURI($link_uri);
+
+      if ($line !== null) {
+        $view->setLine($line);
+      }
+
+      if ($commit !== null) {
+        $view->setCommit($commit);
+      }
+
+      if ($ref_name !== null) {
+        $view->setRefName($ref_name);
+      }
+
+      $engine->overwriteStoredText($token, $view);
+    }
+  }
+
+  private function newSyntaxHint($text) {
+    return id(new PHUITagView())
+      ->setType(PHUITagView::TYPE_SHADE)
+      ->setColor('red')
+      ->setIcon('fa-exclamation-triangle')
+      ->setName($text);
+  }
+
+}