SMT Divergence Oil Indicator Download for MetaTrader 5 - Free - [TFlab] - MT4/MT5 Resources

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

When a difference is detected in the main asset (underlying asset) chart , the indicator also shows related assets.

SMT diffuse oil indicator table

The main features of the SMT Divergence Oil Indicator are summarized in the table below.

Quick overview of indicators

The SMT Divergence Oil Indicator , designed based on ICT trading principles, identifies divergences between Crude Oil (XTI/USD) , Brent Crude Oil (XBR/USD) , and the US Dollar/Canadian Dollar (USD/CAD) currency pair, clearly showing divergence on the chart.

By using this tool, traders can detect hidden trends, potential reversal points, and key shifts in market behavior in oil and related currencies.

Indicators are in an upward trend

In the chart 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 for Brent and USD/CAD is marked in gray , indicating a breakout at that level. In comparison, the same level of WTI crude oil is considered a trend reversal signal and highlighted in green .

Indicators are in a downward trend

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

SMT differential oil indicator setting

The image below shows the complete settings panel of this indicator:

• First Symbol: Select the main symbol
• Second Symbol: Select the auxiliary symbol
• Third Symbol: Select the third level symbol
• Find trend divergences: Find trend divergences
• Maximum distance between trend divergence swing points: Set the maximum distance for divergence detection
• Finding High/Low Divergence: Identifying SMT Line Intersections
• Finding pushed symbols: detecting SMT line overlap

Conclusion

The Smart Money Divergence (SMT) is a powerful MetaTrader 5 indicator designed to identify differences between related assets.

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

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