SMT Divergence Oil Indicator for MetaTrader 5 Download - Free - [TFlab]

The SMT Divergence Oil indicator focuses on analyzing divergences among energy-related assets and utilizes these divergences to determine the strength of trend reversals or their continuation.

When a divergence is detected in the primary asset (base asset) chart, this indicator also displays the divergence level of the related asset.

SMT Divergence Oil Indicator Table

The key features of the SMT Divergence Oil Indicator are summarized in the table below:

Category	ICT - Smart Money - Trading Tool
Platform	MetaTrader 5
Skill Level	Advanced
Indicator Type	Continuation – Range – Leading
Timeframe	Multi-timeframe
Trading Style	Day Trading
Market	Cryptocurrency - Forex - Stocks

Indicator in an Uptrend

In the image below, a divergence between WTI crude oil, Brent crude oil, and the USD/CAD currency pair is observed. After forming a price peak, both WTI and Brent crude oil have entered a downtrend, whereas USD/CAD initially recorded a lower low before reversing direction and initiating an uptrend.

In this analysis, the peak observed in Brent crude oil and USD/CAD is marked in gray, indicating a breakout of that level. In contrast, the same level in WTI crude oil is considered a signal of trend reversal and is highlighted in green.

Indicator in a Downtrend

In this chart, after forming a bottom, crude oil (OIL) and Brent crude oil have moved into an uptrend, while at the same time, USD/CAD has experienced a downtrend and faced a price decline.

SMT Divergence Oil Indicator Settings

The image below displays the complete settings panel of the indicator:

• First Symbol: Select the primary symbol
• Second Symbol: Select the secondary symbol
• Third Symbol: Select the tertiary symbol
• Finding the Trend Divergence: Locate trend divergences
• Max Distance Between Swing Points for Trend Divergence: Set the maximum distance for divergence detection
• Finding the High/Low Divergence: Identify SMT line intersections
• Finding the Pushed Symbol: Detect SMT line overlaps

Conclusion

The Smart Money Divergence (SMT) is a powerful tool within MetaTrader 5 indicators designed for identifying divergences among correlated assets.

The SMT Divergence Oil Indicator enhances market analysis by comparing price movements of related assets, helping traders better understand market behavior patterns.

By simultaneously analyzing price fluctuations in both primary and secondary assets, this indicator helps detect potential trend shifts, identify reversal zones, and evaluate the relative strength of buyers and sellers.