Summary of 📊 Smart Money Setup 03 Indicator - Minor OB & Trend Proof in TradingView [Tradingfinder]
The video explains the Smart Money Stops OR3 Indicator, available on TradingView via the Tradingfinder website, designed to help traders identify key price movements and order blocks using ICT (Inner Circle Trader) concepts.
Main Financial Strategies and Market Analyses:
- The indicator identifies price pivots, break of structure, and bullish/bearish order blocks on charts.
- It tracks trend direction by analyzing higher highs and higher lows or lower lows.
- The setup focuses on liquidity collection below price ranges and subsequent upward movements.
- A break of structure signals potential trade entries, especially when price returns to an identified order block.
- The indicator helps traders spot buying and selling opportunities by confirming price reactions to order blocks.
- It incorporates concepts like price compression, liquidity columns, and structure breaks, aligning with smart money trading styles.
Methodology / Step-by-Step Guide:
- Access the indicator on TradingView by searching its name and add it to favorites for quick access.
- Apply the indicator to the chart to start automatic identification of pivots, order blocks, and structure breaks.
- Observe the price trend (higher highs/lows or lower lows) and note significant pivots.
- Watch for liquidity collection below price ranges and subsequent upward moves.
- Confirm break of structure and wait for price to return to the order block area.
- Enter buy trades when the setup is confirmed by price reacting upwards from the order block.
- Adjust pivot period in settings to identify longer or shorter-term pivots as needed.
Presenters / Sources:
- The tutorial is provided by Tradingfinder, with the video showcasing the Smart Money Stops OR3 Indicator and its application on TradingView.
Notable Quotes
— 01:08 — « The smart money stop03 indicator uses ICT concepts to start identifying price movements, pivot points, breakoff structure and ultimately identifying bullish and bearish order blocks on the chart. »
— 02:26 — « After moving upwards, a break of structure occurred which is considered a break of structure. After the price returns downwards, the bon 03 setup is confirmed and traders can enter a buy trade. »
— 02:58 — « Instead it reacts to an order block that results from hitting another order block and then moves upwards again. »
— 03:25 — « This strategy and trading setup is a powerful setup that alongside price compression, liquidity column and structure break is a suitable setup for smart money style traders. »
— 03:38 — « Using this indicator, they can easily identify a buying and selling opportunities in the market. »
Category
Business and Finance