Smart Money Technique Divergence Crypto indicator for MT5 Download - Free

The SMT Divergence indicator, or Smart Money Technique Divergence In MetaTrader5 Indicator, has been developed to identify divergences based on divergence concepts and innovative money principles.

This tool detects divergences when behavioral discrepancies are observed among three or more correlated assets, currency pairs, or indices.

Such divergences usually indicate brilliant market movements and can signal potential trend reversals or weakening trend momentum.

Smart Money Technique Divergence Crypto Indicator Specifications Table

Table below outlines the specifications of the Smart Money Divergence Crypto Indicator:

Uptrend Conditions

Three 5 minute charts for Bitcoin, Ethereum, and Bitcoin Cash with the symbols BTC/USD, BCH/USD, and ETH/USD are displayed.

Lower lows have formed in the Bitcoin and Bitcoin Cash charts, while in the Ethereum chart, the price touched the red line of the indicator and recorded a higher high.

This situation indicates a potential weakening of the downtrend and a possible trend reversal in all three charts.

Downtrend Conditions

The image below shows three charts for Bitcoin, Ethereum, and Bitcoin Cash with the symbols BTC/USD, BCH/USD, and ETH/USD in a 15 minute timeframe.

In this image, the Bitcoin and Bitcoin Cash symbols exhibit symmetry and positive divergence after touching the green line, signaling a weakening uptrend and potential decline across all three charts.

Indicator Settings

Image below illustrates the settings of the SMT Divergence Crypto Indicator:

• Color theme of chart and object: Display the theme of the chart and object colors
• First symbol: place the first symbol
• Second symbol: place The second symbol
• Third symbol: place The third symbol
• Finding trend divergence: Identifying trend divergences
• Max Distance Between Swing Points for Trend Divergence: Maximum distance between swing points for trends
• Finding High/Low Divergence: Identifying high/low divergences
• Finding the Pushed Symbol: Identifying the pressured symbol

Conclusion

The Smart Money Technique Divergence Indicator is used to identify trend changes and detect weaknesses in price movements.

Positive or negative divergences in one of the three symbols Bitcoin, Bitcoin Cash, or Ethereum can indicate a trend reversal or short term price correction in all three symbols.