SMT Divergence EU-GU-DXY Indicator MT4 Download - Free | Forex Indicator Download - MetaTrader 4 Resources

The SMT Divergence EU-GU-DXY indicator is one of the smart currency indicators designed to identify divergence among three Forex pairs . This indicator analyzes the difference in price movements of related assets, such as "EUR/USD" , "GBP/USD" , and the reverse sign of "DXY" , using colored lines .

SMT Departure EU-GU-DXY Indicator Specification Table

The following table outlines the key specifications and features of this product .

SMT Divergence EU-GU-DXY Indicator Overview

Typically, the currency pairs "EUR/USD" and "GBP/USD" move in positive correlation, while the US dollar index "DXY" usually behaves in the opposite way to them. For this purpose, the "USD/IDX" symbol is set by default in the indicator to the "Revers" symbol.

bullish trend conditions

According to the analysis of "EUR/USD," "GBP/USD," and "DXY" charts in the 1-hour timeframe , the "EU" and "GU" currency pair has formed a price high , while the "USD/IDX" symbol has formed a price low at the same date and time.

According to the image, the price high in the "EU" chart has been changed to gray as it is broken, while in the "GU" symbol it is shown in green as a signal .

Bearish trend conditions

According to the 1-hour charts of "EUR/USD" , "GBP/USD" , and "DXY" , the "EU" and "GU" currency pair has formed a support low at a specific point and started moving upward .

In contrast, the "USD/IDX" symbol, after forming a price high , has moved toward lower price targets . The green SMT line in the "GBP/USD" symbol is considered a signal .

SMT Divergence EU-GU-DXY indicator settings

The following are the settings available in the SMT Divergence Indicator panel :

• First symbol: Set the first symbol
• First symbol reverse: Select the first symbol as the "reverse" currency
• Second symbol: Set the second symbol
• Second symbol reverse: Select the second symbol as the "reverse" currency
• Third symbol: Set the third symbol
• Third symbol reverse: Select the third symbol as the "reverse" currency
• Looking for trend divergences: being able to detect differences between trends
• Maximum distance between trend swing points: Set the maximum distance between two swing points
• Find High/Low Divergence: Enable divergence detection between highs and lows
• Find the symbols that are driven: Ability to identify the symbols with the highest buying and selling pressure

Conclusion

The SMT Divergence EU-GU-DXY indicator is built on the Smart Money trading style , and it identifies divergence in three trading pairs: "EU" , "GU" , and "DXY" .

This ICT MetaTrader 4 indicator , with DXY as a reference , detects divergence level breakouts by using color-coded lines.

This trading tool also allows users to set the "Revers" symbol. It is worth noting that to run this indicator, it must first be applied to the first symbol .