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 uses colored lines to analyze differences in price movements of correlated assets, such as "EUR/USD", "GBP/USD", and "DXY".

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 1-hour chart analysis of "EUR/USD", "GBP/USD", and "DXY", resistance zones have been broken in the EU pair, while in the GU chart, the price has not managed to break its resistance. This divergence in movement signals SMT divergence.

Bearish Trend Conditions

According to the 1-hour charts of "EUR/USD", "GBP/USD", and "DXY", the EU pair and the DXY have broken their support levels, whereas the GU pair has held their support level and has not broken it. This condition indicates SMT divergence between "EU" and "GU".

Settings of the SMT Divergence EU-GU-DXY Indicator 

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

• First Symbol: Select the first trading pair
• Second Symbol: Select the second trading pair
• Third Symbol: Select the third trading pair
• Finding the Trend Divergence: Enable divergence detection between trends
• Max Distance Between Swing Point for Trend: Set the maximum distance between two swing points
• Finding the High/Low Divergence: Enable detection of divergence between highs and lows
• Finding the Pushed Symbol: Enable detection of the symbol with the strongest buying or 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. The indicator must first be applied to the first symbol (First Symbol) to use it.