Summary of 📥 Hidden SMT Divergence Indicator for MT4&5 – Free Download – [TFlab]

The video presents a detailed tutorial and guide on the Hidden SMT Divergence Indicator designed for ICT (Inner Circle Trader) style trading, available for MetaTrader 4 and MetaTrader 5 platforms. The indicator can be downloaded from the Trading Finder website.

Key Technological Concepts and Features:

• Purpose: The indicator helps traders identify hidden SMT (Smart Money Technique) divergences by comparing the price trends of three highly correlated symbols simultaneously.
• Supported Symbols: Primarily designed for US indices — Dow Jones (DJI), S&P 500, and NASDAQ — but users can input any three correlated symbols depending on their broker’s symbol naming conventions.
• Setup Instructions:
  • Download the indicator file and apply it via the Navigator section in MT4/MT5.
  • Enable "Allow DLL Imports" in the command section.
  • Input the exact symbol names matching the broker’s format for the three correlated symbols.
  • Use the correlation function to automatically add the additional symbols.
• Functionality:
  • The indicator detects divergences where two symbols trend similarly (bullish or bearish) but the third behaves differently, signaling potential trend reversals.
  • Divergences are visually represented by trend lines colored blue for high trend lines and red for low trend lines.
  • The indicator supports switching timeframes dynamically, allowing users to spot divergences across different time scales.
• User Interface:
  • Input section allows symbol customization and toggling the display of hidden SMT divergences.
  • Confirmation button applies changes instantly.
• Practical Example: The video demonstrates divergence detection on November 20-21 for Dow Jones, S&P 500, and NASDAQ, showing bullish and bearish hidden SMT divergences clearly on the chart.

Analysis and Use Case:

• The indicator is a specialized tool for ICT traders to perform multi-symbol analysis for more nuanced trend and divergence detection.
• It simplifies the identification of hidden divergences, which can be used as signals for trend reversals.
• The tutorial emphasizes the importance of correct symbol input and broker-specific naming conventions for proper functionality.

Review and Tutorial Highlights:

• Step-by-step guide on downloading, installing, and configuring the indicator.
• Explanation of how to interpret the divergence signals and trend lines.
• Encouragement for user feedback and interaction via comments.

Main Speaker/Source:

• The tutorial is presented by TFlab, the developer or promoter of the Hidden SMT Divergence Indicator, focusing on ICT-style trading tools.

Notable Quotes

— 02:21 — « The hidden SMT Divergence indicator is a special and practical tool for ICT style Traders allowing them to compare three symbols that have a high correlation with each other and identify divergences in trend lines on them. »

— 02:34 — « If two symbols are in an uptrend or downtrend but one symbol behaves differently from the other two, a Divergence is identified for us. »

— 04:14 — « A hidden SMT bullish Divergence is displayed which can be used as a signal for a trend reversal. »

— 04:50 — « A trader uses this indicator can easily identify the Divergence and provide more specialized analysis on the chart. »

Category

Technology

Video