The Smart Divergence tool shows you divergences between price and any other input. It also outputs levels in order to identify the identified opportunity in a strategy or strategy indicator such as Bloodhound. It is also an excellent trend identification tool (a lesser known technique shown in the video). Watch the video for a few ideas on the best use and application of this tool.
It is also suggested you take a look at the Smart Super MACD, Smart Momentum, Smart Super Trend as well as the Smart Key Support and Resistance tool, Smart Volume Profile and Smart Camarilla. All these tools work well with this tool in the development of superior trading methods in any time frame with any bar type and on any market.