SMT Divergence EU-GU-DXY Indicator for MT5 Download [Free] TFlab

The SMT Divergence Indicator EU-GU-DXY (MT5) is a professional divergence tool built for MetaTrader 5, developed around the Smart Money Concept (SMC). It analyzes EUR/USD, GBP/USD, and the inverse behavior of DXY (USD/IDX) to identify institutional trading patterns and potential market reversals.
By highlighting divergence in price action among positively correlated pairs (EU and GU) against the typically inverse DXY, this indicator offers powerful confirmation for liquidity-based entries. Colored lines mark swing highs and lows, allowing advanced traders to interpret divergence with visual precision.

You can download it from this link:
https://cdn.tradingfinder.com/file/3...5-by-tflab.zip

You can also access the MetaTrader 4 version of this indicator through this page:
https://www.forexfactory.com/thread/...-download-free

For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader




Indicator Specifications

 

1. Category: ICT – Smart Money – Liquidity
2. Platform: MetaTrader 5
3. Skill Level: Advanced
4. Indicator Type: Reversal – Continuation
5. Timeframe: Multi-Timeframe
6. Trading Style: Day Trading
7. Market: Forex

SMT Divergence Indicator EU-GU-DXY at a Glance
EUR/USD and GBP/USD are positively correlated, often moving in the same direction. On the other hand, the U.S. Dollar Index (DXY) typically moves inversely to these pairs. The indicator uses this behavioral relationship to spot divergences.
The "USD/IDX" symbol is set as the default "Revers" symbol, meaning its movement is evaluated in reverse when compared to EU and GU.
Bullish Trend Conditions
In a bullish divergence setup:

1. EUR/USD and GBP/USD form swing highs.
2. Simultaneously, DXY forms a swing low.
3. The upward pressure is visualized with a green SMT signal line on GU, while broken structures (e.g., on EU) may be shown in gray.

This setup indicates a strong shift in liquidity and potential institutional buy-side interest across the Euro and Pound.
Bearish Trend Conditions
For bearish divergence:

1. EU and GU form swing lows and begin moving upward.
2. In contrast, DXY creates a swing high at the same moment and starts falling.
3. The green SMT line on GU confirms the signal, while EU may show a broken structure (in gray).

This pattern reveals divergence typical of smart money distribution phases, offering potential for short positions.
Indicator Settings Panel
The indicator is fully customizable with the following settings:

1. Symbol Selection
   1. First symbol: Assign primary pair (e.g., EUR/USD)
   2. First symbol revers: Use reverse logic (e.g., DXY)
   3. Second symbol: Set secondary pair (e.g., GBP/USD)
   4. Second symbol revers: Reverse logic toggle
   5. Third symbol: Set third comparison pair
   6. Third symbol revers: Reverse logic toggle

   
   

2. Divergence Logic
   1. Finding the trend divergence: Enable swing-based trend divergence
   2. Max Distance Between Swing Point for Trend: Adjust swing sensitivity
   3. Finding the High/Low divergence: Activate detection on price peaks/troughs
   4. Finding the Pushed Symbol: Identify the most aggressively moved asset (buy/sell pressure)

   
   

These settings give traders full control over correlation behavior and signal accuracy.
Conclusion
The SMT Divergence Indicator EU-GU-DXY is a core ICT divergence analysis tool optimized for MetaTrader 5, offering refined control for high-probability Smart Money trades.
By cross-comparing EU, GU, and the inverse DXY, this indicator identifies divergence conditions that precede price reversals and trend continuations. With flexible “Revers” logic and visual signal overlays, it helps traders spot institutional footprints across major Forex pairs.

Hi,

Thank you for your contributions and this indicator. Does it show SMT divergence for Gold or Silver?

Thanks.