Smart Money Technique Divergence for Crypto Indicator MT4 Download

The SMT Divergence or Smart Money Technique Divergence indicator in Meta trader4 is designed based on Divergence and Smart Money principles.

This indicator identifies divergence when three or more assets, currency pairs, or correlated indices exhibit differing behaviors. Such divergences typically indicate that Smart Money flows in the market are shifting, suggesting a potential trend change or weakening in a specific

Smart Money Technique Divergence Indicator Specifications Table

The specifications for the Smart Money Technique Divergence Crypto Indicator are presented in the table below:

Uptrend Conditions

The chart below displays three assets Bitcoin, Ethereum, and Solana (BTC/USD, ETH/USD, SOL/USD) in a 15 minute timeframe. BTC forms a lower low at $99,084 in these conditions, while ETH does not, creating a higher low at $3,849.

Simultaneously, SOL mirrors BTC by forming a lower low at $225. This mismatch among correlated assets and ETH’s resistance to selling pressure indicates weakening sellers in Bitcoin and a possible trend reversal from bearish to bullish.

Downtrend Conditions

The chart below shows the BTC/USD, ETH/USD, and SOL/USD pairs in a 5 minute timeframe.

A higher high in Bitcoin’s chart indicates strong buyer pressure. However, the lack of confirmation from correlated assets ETH and SOL, which fail to form higher highs, suggests insufficient market strength to continue the uptrend. This increases the likelihood of a bearish trend reversal.

Indicator Settings

The image below illustrates the settings of the Smart Money Technique Divergence Crypto Indicator for optimized use:

• Color theme of chart and objects: Display the theme of the chart and object colors;
• First symbol: Select the first symbol;
• Second symbol: Select the second symbol;
• Third symbol: Select the third symbol;
• Finding the trend divergence: Identifying trend divergences;
• Max distance between swing points for trend divergence: Maximum distance;
• Finding the High/Low divergence: Identifying high/low divergences;
• Finding the pushed symbol: Identifying the pressured symbol.

Conclusion

The SMT Divergence Indicator is designed to identify divergences among significant cryptocurrencies like BTC, ETH, and SOL, helping traders recognize optimal entry or exit points. This indicator analyzes correlations among cryptocurrencies to detect positive and negative divergences and is used to determine the flow of Smart Money.