SMT Divergence Signals MT4

Limited-time free initial release. SMT Divergence Signals MT4 is free while MetaCoderStore collects live-user feedback, broker-symbol requests, and improvement ideas.

SMT Divergence Signals compares the active chart against a correlated comparison symbol and marks intermarket divergence when one market sweeps a swing high or low while the peer fails to confirm.

Use cases

  • Spot potential Smart Money Technique divergence between correlated FX pairs, metals, or index CFDs.
  • Filter liquidity sweeps by checking whether the comparison market confirms or refuses the sweep.
  • Feed bull/bear divergence events into an EA through a simple signal buffer.

What it shows

  • Bull SMT arrows when the chart symbol makes a lower swing low but the comparison symbol holds above its prior swing low.
  • Bear SMT arrows when the chart symbol makes a higher swing high but the comparison symbol holds below its prior swing high.
  • Primary momentum, peer momentum, and the SMT spread in a separate window.

Main features

  • Configurable comparison symbol, swing strength, momentum window, tolerance, and minimum signal spacing.
  • Optional dashboard, popup alerts, and push notifications.
  • EA-readable signal buffer: 1 for bullish SMT, -1 for bearish SMT, 0 otherwise.

Basic use

  1. Attach the indicator to the symbol you want to trade.
  2. Set ComparisonSymbol to a correlated market available in Market Watch, for example GBPUSD for EURUSD.
  3. Wait for a swing sweep on the chart symbol while the peer does not confirm.
  4. Use the SMT signal with your market structure, session, and risk rules.

Inputs: MaxCalculatedBars, ComparisonSymbol, SwingStrength, MomentumWindow, DivergenceTolerancePts, MinSignalDistanceBars, ShowDashboard, EnablePopupAlerts, EnablePushNotifications, BullSignalColor, BearSignalColor, PrimaryLineColor, PeerLineColor.

Buffers for EA integration: 0 Bull SMT arrow, 1 Bear SMT arrow, 2 Primary Momentum, 3 Peer Momentum, 4 SMT Spread, 5 Signal where 1 = bullish SMT, -1 = bearish SMT, 0 = no signal.

Risk note: SMT divergence is a context tool, not a complete trading system. Correlations can break, broker symbols differ, and all signals should be confirmed with your own plan and risk controls.

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