Summary of "🎯 SSMT 4 Quarter Divergence Indicator MT4/5 – Free Download [TradingFinder]"
The video presents the SS SMT 4 Quarter Divergence Indicator for MetaTrader 4 and 5, available for free download on the TradingFinder website. This advanced trading tool is designed to help traders identify market divergences across multiple time cycles (quarters) and generate precise buy and sell signals based on price pivots and ICT theory.
Main Financial Strategies and Business Trends:
- Divergence Trading: The indicator focuses on detecting divergences between price pivots (higher highs, lower highs, higher lows, lower lows) across defined quarterly cycles, which can signal potential trade entry points.
- Multi-Timeframe Analysis: Traders can analyze divergences on various cycles including micro (1-minute), 9-minute, daily, weekly, monthly, and yearly periods, allowing for flexible and comprehensive market analysis.
- Correlation Analysis: The tool allows comparison between two symbols to identify divergences, enhancing the robustness of trading signals.
- Use Across Instruments: Suitable for major currency pairs, cryptocurrencies (e.g., Ethereum), and other tradable assets, supporting broad market applicability.
Methodology / Step-by-Step Guide to Using the Indicator:
- Download and Install:
- Download the indicator file from the TradingFinder website.
- Load it onto MetaTrader 4 or 5 charts.
- Select Trading Symbol:
- Enter the exact trading symbol, including any broker-specific suffixes (e.g., GBPUSD suffix).
- Configure Cycle Settings:
- Choose the desired quarter cycle from options: micro (1 min), 9-minute, daily, weekly, monthly, or yearly.
- Default is weekly, which divides the week into Monday to Thursday quarters (Friday excluded).
- Set Correlation Symbol (Optional):
- Select a second symbol for comparative divergence analysis.
- Adjust Zigzag Parameters:
- Define the calculation period and backstep for zigzag lines to control pivot sensitivity.
- Higher values detect longer-term pivots; lower values detect short-term pivots.
- Enable/Disable Signals and Alerts:
- Turn on/off SMT bullish (buy) or bearish (sell) signals.
- Enable alerts for signal generation with options to receive notifications via email or mobile.
- Set alert validity period (default up to 4 candles after signal).
- Set Time Zone:
- Specify UTC time to align quarter calculations with your broker’s server time.
- Customize Display Options:
- Show/hide cycles, quarter labels, zigzag lines, and pivot labels.
- Choose colors for zigzag lines.
- Set the maximum number of candles to analyze (default 500).
- Interpret Signals:
- The indicator identifies divergences by comparing price pivots across quarters.
- Buy/sell signals are generated when divergence conditions (e.g., higher high vs. lower high) and wick confirmations occur.
Additional Notes:
- The indicator is grounded in ICT (Inner Circle Trader) theory.
- It visually marks pivots and divergences directly on the chart for easy interpretation.
- Alerts help traders stay informed of new signals without constant monitoring.
Presenters / Sources:
- The video is presented by TradingFinder, the developer and distributor of the SS SMT 4 Quarter Divergence Indicator.
- No individual presenter names are mentioned.
Category
Business and Finance