Smart Money Technique Divergence MT5 Cryptocurrency Indicator Download – Free

The SMT Divergence Indicator (or Smart Money Technical Divergence Indicator in MetaTrader5 Indicators) is designed to identify divergences based on the concept of divergence and the principles of innovative money.

This smart money style detects differences when behavioral differences are observed between three or more related assets, currency pairs or indices.

This divergence often signals severe market volatility and may also signal a potential trend reversal or weakening trend momentum.

Smart Money Technology Divergence Cryptocurrency Metrics Spec Sheet

The table below outlines the specifications of the Smart Money Divergence Cryptocurrency Indicator:

Indicator Overview

The SMT Divergence Indicator analyzes the behavior of three related assets to identify abnormal market movements. It is designed to analyze assets with positive correlations, such as BTC, ETH, and BCH, which generally move in the same direction. When these assets move in opposite directions, it confirms trend strength and smart money entry.

Uptrend Conditions

Three 5-minute charts showing Bitcoin, Ethereum, and Bitcoin Cash, with the symbols BTC/USD, BCH/USD, and ETH/USD.

Lower lows were formed in the Bitcoin and Bitcoin Cash charts, while on the cryptocurrency Ethereum chart, the price hit the indicator’s red line and recorded higher highs.

This situation indicates that the downtrend in all three charts may weaken and the trend may reverse.

downtrend conditions

The image below shows three charts for Bitcoin, Ethereum, and Bitcoin Cash along with the symbols BTC/USD, BCH/USD, and ETH/USD on the 15-minute time frame.

In this chart, the Bitcoin and Bitcoin Cash symbols show symmetry with positive divergence after touching the green line, signaling a weak uptrend and potential decline on all three charts.

Indicator Settings

The image below illustrates setting up the SMT Divergence Cryptocurrency indicator :

• Color theme for charts and objects : Displays the theme and object colors for charts
• First symbol : place the first symbol
• Second symbol: Place the second symbol
• Third symbol: The third symbol of the location
• Looking for trend divergences: Identifying trend divergences
• Maximum distance between trend divergence swing points: Maximum distance between trend swing points
• Looking for High/Low Divergence: Identifying High/Low Differences
• Finding the Pushed Symbol: Identifying the Pressed Symbol

Conclusion

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

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