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 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:

Bullish Trend Conditions

An analysis of the EUR/USD, GBP/USD, and DXY charts in the 1-hour timeframe shows that resistance levels have been broken in the EUR/USD pair, whereas in the GBP/USD chart, the price failed to break these levels.

This difference in price action between the two correlated currency pairs indicates the presence of SMT divergence.

Bearish Trend Conditions

According to the 1-hour charts of EUR/USD, GBP/USD, and DXY, both EUR/USD and the U.S. Dollar Index (DXY) have broken a key support level at a specific point. However, in contrast, GBP/USD has managed to hold above this level and has not broken it.

This divergence in price movement signifies an SMT divergence between the EU and GU.

SMT Divergence Indicator EU-GU-DXY Settings

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

• first symbol: Set the first currency pair
• second symbol: Set the second currency pair
• third symbol: Set the third currency pair
• Finding the trend divergence: Enable/disable trend divergence detection
• Max Distance Between Swing Point for Trend: Define the maximum distance between two swing points
• Finding the High/Low divergence: Enable/disable divergence detection between highs and lows
• Finding the Pushed Symbol: Enable/disable detection of the most pressured symbol

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.

For optimal performance, the indicator must be applied to the first symbol (first symbol) before execution.