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

The SMT Divergence Indices ICT indicator is one of the ICT MetaTrader 4 indicators. This indicator helps ICT traders identify Smart Money Divergences in three symbols: Dow Jones (DJI), Nasdaq (NASDAQ), and S&P 500, enabling them to spot SMT Divergence levels.

 Additionally, this indicator can identify trendline divergences alongside highs and lows, providing traders with more advanced analysis tools for specialized trading strategies.

Smart Money Divergence Indicator Table 

The table below outlines the general specifications of the SMT Divergence Indices ICT indicator:

Bullish Smart Money Divergence

In the three charts of Dow Jones, Nasdaq, and S&P 500 on a 4-hour timeframe, the SMT Divergence Indices ICT indicator has identified a liquidity level.

In this analysis, the price in Dow Jones and S&P 500 reached and consumed this liquidity level, but in Nasdaq, the price failed to reach it, which could signal a potential market shift.

ICT traders can use this indicator to evaluate liquidity levels and make more accurate and specialized analyses on the charts.

Bearish Trendline Divergence

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

In the Nasdaq and Dow Jones charts, the price has failed to create a higher high, forming a lower high than the previous one.

In contrast, in the S&P 500 chart, the price has formed a higher high than the previous one, which identifies a Trendline Divergence.

This divergence indicates a potential change in market decision-making and a possible trend reversal. In the charts below, after the formation of this divergence, the price began to decline, signaling the start of a downtrend.

Smart Money Divergence Indicator Settings

Below are the settings related to the SMT Divergence Indices ICT indicator:

Symbols

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

Divergence

• Finding the Trend Divergence: Show/Hide trendline divergence
• Max Distance Between Two Swing Points: Set the maximum distance between two swings
• Finding the High/Low Divergence: Show/Hide high/low divergence
• Finding the Pushed Symbol: Show/Hide SMT

Conclusion

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

This indicator allows users to identify three types of divergence in three major symbols: Dow Jones, Nasdaq, and S&P 500:

• Trendline Divergence
• High & Low Divergence
• Smart Money Divergence

ICT traders can utilize this indicator to spot key divergence levels in financial markets and conduct more specialized analyses for their trading decisions.