SMT Divergence EU-GU-DXY Indicator for MT4 Download - Free - [TradingFinder]

The SMT Divergence EU-GU-DXY Indicator is one of the Smart Money indicators MetaTrader 4, designed to identify divergence among three Forex pairs. This indicator analyzes the differences in price movements of correlated assets, such as "EUR/USD", "GBP/USD", and the inverse symbol "DXY", using colored lines.

SMT Divergence EU-GU-DXY Indicator Specifications Table

The table below outlines the key specifications and features of the SMT Divergence Indicator:

Bullish Trend Conditions

Based on the analysis of the "EUR/USD," "GBP/USD," and "DXY" charts in the 1-hour timeframe, the "EU" and "GU" currency pairs have formed a price high, while the "USD/IDX" symbol has formed a price low at the same date and time.

According to the image, the price high in the "EU" chart has changed to gray because it is broken, whereas in the "GU" symbol, it is displayed in green as a signal.

Bearish Trend Conditions

According to the 1-hour charts of "EUR/USD", "GBP/USD", and "DXY", the "EU" and "GU" currency pairs have formed a support low at a specific point and started to move upward.

In contrast, the "USD/IDX" symbol, after forming a price high, has moved toward lower price targets. The green SMT line in the "GBP/USD" symbol is considered a signal.

Settings of the SMT Divergence EU-GU-DXY Indicator

The following are the settings available in the SMT Divergence Indicator panel:

• First symbol: Setting the first symbol
• First symbol revers: Selecting the first symbol as the "reverse" currency
• Second symbol: Setting the second symbol
• Second symbol revers: Selecting the second symbol as the "reverse" currency
• Third symbol: Setting the third symbol
• Third symbol revers: Selecting the third symbol as the "reverse" currency
• Finding the trend divergence: Enabling the detection of divergence between trends
• Max Distance Between Swing Point for Trend: Setting the maximum distance between two swing points
• Finding the High/Low divergence: Enabling divergence detection between highs and lows
• Finding the Pushed Symbol: Enabling the identification of the symbol with the highest buying and selling pressure

Conclusion

The SMT Divergence EU-GU-DXY Indicator is built based on the Smart Money Trading (SMT) style, and it identifies divergence among the three trading pairs: "EU", "GU", and "DXY".

This ICT MetaTrader 4 Indicator, with DXY as a reference, detects divergences through level breakouts using color coded lines.

This trading tool also allows users to set the "Revers" symbol. It is important to note that to run the indicator, it must first be applied to the first symbol.