Smart Money Divergence ICT Indicator Download for MT4 - Free - [TFlab]

The SMT Divergence Index ICT indicator is one of the ICT MetaTrader 4 indicators . This indicator helps ICT traders identify smart currency divergences in the Dow Jones (DJI), NASDAQ (NASDAQ) and S&P 500, allowing them to discover SMT Divergence levels.

Additionally, the indicator can identify trendline divergences as well as highs and lows, providing traders with more advanced analytical tools to implement specialized trading strategies.

Smart Money Divergence Indicator Chart

The table below outlines the general specifications of the SMT Divergence Index ICT indicator.

Bullish Smart Currency Divergence

In three charts of Dow Jones , Nasdaq , and S&P 500 on the 4-hour time frame, the SMT Divergence Index ICT style has identified liquidity levels.

In this analysis, prices reached and consumed this level of liquidity for the Dow Jones and S&P 500 , but on the Nasdaq , prices failed to reach that level, which could signal a potential market shift.

ICT traders can use this indicator to assess liquidity levels and make more accurate and professional analysis on the charts.

Bearish trend line divergence

In the chart below, which includes Dow Jones , Nasdaq , and S&P 500 indices, the Divergence Indicator (SMT Divergence Index ICT) in Smart Money style has identified a trendline divergence on the chart.

In the Nasdaq and Dow Jones charts, price failed to make higher highs and instead formed lower highs than the previous one.

In contrast, on the S&P 500 chart, the price formed a higher high than the previous one, indicating a trendline divergence .

This divergence indicates a possible change in market decisions and a possible trend reversal. In the chart below, after this divergence formed, price began to fall, marking the beginning of a downtrend .

Smart Currency Divergence Indicator Settings

Below are the relevant settings for the SMT Divergence Index ICT indicator:

Symbols

• First Symbol: Select the first symbol
• Second Symbol: Select the second symbol
• Third Symbol: Select the third symbol

Divergence

• Find trend divergences: show/hide trend line divergences
• Maximum distance between two swing points: Set the maximum distance between two swing points
• Find high/low divergence: show/hide high/low divergence
• Find the pushed symbol: Show/Hide SMT

Conclusion

The SMT Divergence Index ICT indicator is one of the MetaTrader 4 indicators designed specifically for practitioners of the ICT trading style.

This indicator allows users to identify three types of divergences in three major trading instruments : the Dow, the Nasdaq and the S&P 500 :

• trendline divergence
• high and low divergence
• smart money disagreement

ICT traders can use this indicator to discover key divergence levels in financial markets and conduct more professional analysis of their trading decisions.