SMT Divergence EU-GU-DXY Indicator for MT5 Download - Free - [TradingFinder]

The SMT Divergence Indicator EU-GU-DXY is a Smart Money based indicator that detects divergence between three currency pairs.

It uses colored lines to highlight behavioral differences in the price movements of correlated assets such as EUR/USD, GBP/USD, and the inverse symbol DXY, enabling traders to analyze market movements more precisely.

SMT Divergence Indicator EU-GU-DXY Specifications Table

The table below provides a detailed breakdown of the features and capabilities of the Smart Money Divergence Indicator:

SMT Divergence Indicator EU-GU-DXY at a Glance

The EUR/USD and GBP/USD currency pairs usually tend to fluctuate in the same direction with a positive correlation, while the US Dollar Index (DXY) often behaves inversely to them. For this reason, the "USD/IDX" symbol is set as the default "Revers" symbol.

Bullish Trend Conditions

The analysis of the "EUR/USD", "GBP/USD", and "DXY" charts in the 1-timeframe shows that the "EU" and "GU" currency pairs have formed a price high. In contrast, the "USD/IDX" symbol has formed a price low in a similar condition and has started to move upward. The green SMT line in the "GU" symbol is considered a signal.

Bearish Trend Conditions

According to the 1-hour charts of "EUR/USD", "GBP/USD", and "DXY", the "EU" and "GU" symbols have turned bullish after forming a price low. In contrast, the "USD/IDX" symbol has formed a price high at the same date and time.

The SMT line in the "EU" symbol has turned gray due to being broken, while in the "GU" symbol, this line is displayed in green as a signal.

SMT Divergence Indicator EU-GU-DXY Settings

The following are the adjustable parameters for the Smart Money Divergence Indicator:

• 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 Indicator EU-GU-DXY is specifically designed to identify divergence among three currency pairs EU, GU, and DXY.

This ICT MetaTrader 5 indicator analyzes the U.S. Dollar Index (DXY) as a benchmark and detects divergences between Forex pairs based on key support and resistance breakouts.

One of the features of this indicator is the ability to set the "Revers" currency. It is important to note that for proper functionality, the indicator must first be applied to the first symbol.