💎 SMT Divergence ICT 02 Indicator to TradingView Download – Free – [TradingFinder]

SMT Divergence ICT 02 Indicator Overview

The video presents the SMT Divergence ICT 02 Indicator, a specialized trading tool designed for ICT (Inner Circle Trader) style traders, available for free download on the TradingFinder website and usable on TradingView.

Main Financial Strategies and Market Analyses:

• SMT Divergence Concept: The indicator identifies divergences between two correlated financial assets (e.g., S&P 500 and NASDAQ) to detect market imbalances or manipulation.
• Bullish Divergence: Occurs when one asset forms a higher low while the correlated asset forms a lower low, signaling potential market growth or trend reversal upward.
• Bearish Divergence: Occurs when one asset forms a higher high while the correlated asset forms a lower high, indicating a potential market decline or trend reversal downward.
• The indicator helps predict trend reversals or momentum halts earlier than traditional indicators, providing timely entry or exit signals.

Key Features and Functionalities:

• Compares two financial symbols selected by the user.
• Detects divergences by analyzing all pivot points across different market structure levels.
• Displays visual signals on the chart, including lines connecting divergence points and labels for bullish or bearish signals.
• Allows customization of pivot sensitivity, maximum past pivots considered, maximum candle difference between pivots, and signal validity period.
• Enables color customization for bullish and bearish divergence lines.
• Provides alert settings with options to trigger alerts per bar, once per bar, or at bar close, with timezone configuration and selective alert activation for bullish or bearish signals.

Step-by-Step Guide to Using the Indicator:

• Access the indicator on TradingView by searching its name in the indicator section.
• Add it to favorites for quick access.
• Apply the indicator to your chart.
• Select the second correlated asset for comparison (e.g., NASDAQ when analyzing S&P 500).
• Adjust settings:
  • Set pivot detection sensitivity.
  • Enable and configure the number of past pivots to check.
  • Define maximum candle difference for pivot comparison.
  • Set the validity period for divergence signals.
• Customize visual display options for lines and labels of bullish and bearish divergences.
• Choose colors for the divergence lines.
• Set up alerts with preferred frequency, timezone, and signal type (bullish/bearish).
• Monitor the chart for SMT divergence signals to anticipate market movements.

Presenters/Sources:

• The tutorial is provided by TradingFinder, the platform hosting the indicator and the video content. No individual presenter names are mentioned.