SMT Divergence EU-GU-DXY Indicator MT5 Download - Free | Forex Indicator Download - MetaTrader 5 Resources

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 differences in the behavior of price movements in related assets, such as EUR/USD, GBP/USD, and the inverse symbol DXY , allowing traders to more accurately analyze market movements.

SMT Divergence Indicator EU-GU-DXY Specification Sheet

The table below provides detailed classification features and functions of the Smart Currency Divergence Indicator.

SMT Divergence Indicator EU-GU-DXY Overview

The EUR/USD and GBP/USD currency pairs generally tend to move in the same direction and are positively correlated , while the US Dollar Index (DXY) often behaves inversely to them. For this purpose, the "USD/IDX" symbol is set to the default "Revers" symbol.

bullish trend conditions

The analysis of "EUR/USD" , "GBP/USD" , and "DXY" charts in the 1-timeframe shows that the "EU" and "GU" currency pair has formed a price high . In contrast, the "USD/IDX" symbol has formed a price low in a similar situation and has started moving 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" symbols have formed a price high at the same date and time.

The SMT line in the "EU" symbol has turned gray due to breakage. The line in the "GU" symbol has turned gray as a signal .

SMT Divergence Indicator EU-GU-DXY Settings

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

• 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 Indicator EU-GU-DXY is specifically designed to identify differences between the three currency pairs EU, GU and DXY .

This ICT MetaTrader 5 indicator analyzes the US Dollar Index (DXY) as a benchmark and detects divergences between Forex currency 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 in order to function correctly, the indicator must first be applied to the first symbol .