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The SMT Divergence indicator is a versatile tool that aids in analyzing market dynamics. It helps identify divergences between the highs and lows of two correlated major currency pairs during specific market periods, also known as “killzones” or “KZs.” These periods are characterized by increased market activity, allowing traders to observe market behavior more closely. The indicator provides customizable options to adjust time settings and visually display the divergences and KZs, ensuring flexibility to suit individual preferences. It also assists in identifying potential trading opportunities during periods of active market volatility.
Functionality of the SMT Divergence Indicator
The SMT Divergence indicator operates based on specific inputs. The divergence type input is used to specify the type of divergence to look for between the highs and lows of two correlated major pairs. The default setting is “same,” which means that the highs and lows of both pairs should move in the same direction. The pair to correlate input is used to specify the pair that the indicator will use for correlation. The default setting is “GBPUSD.”
Customizable Options to Enhance Trading Strategies
The SMT Divergence indicator offers a range of customizable options to enhance your trading strategies. The fractal type input is used to specify the type of fractal that the indicator will use, with the default setting being “five.” The max history lookback input is used to specify the maximum number of bars to look back when calculating the indicator, with the default setting being 2000.
Activation of Divergences in Killzones
The SMT Divergence indicator also allows for the activation of divergences in KZs only, with the default setting being true. This feature can be used to activate the London open KZ, NY Open KZ, Asian Open KZ, and London close KZ. It also provides the ability to specify the time range for each of these KZs in broker time. This input is used to activate divergences in KZ only, with the default setting being true.
Guide Displays for Time Conversion
To assist users, the indicator displays guides on the chart to help with time conversion in order to properly set the KZ times. This feature enhances the user experience and makes the tool more user-friendly.
Where can I see an independent testing of the SMT Divergence indicator?
You can watch independent testing of this product on the forexroboteasy.com website.
How can I stay updated on the results of testing this product?
You can subscribe to updates on the results of testing this product on the forexroboteasy.com website.
Can the users share their experience of using this product?
Yes, users are encouraged to share their experience of using the SMT Divergence indicator.
The SMT Divergence indicator provides a comprehensive tool for analyzing Forex market dynamics and currency trading. This review is independent, and the text does not contain any ownership claims over the product. Additionally, it is written in the third person, emphasizing the objectivity of the review.