Smart Money Setup 07 Indicator (SMC) to TradingView – 📥 Free download [TradingFinder]

Main Financial Strategies and Features:

• Order Block Identification: The SMC indicator identifies high-importance order blocks, which are crucial for smart money and ICT traders. These blocks help traders recognize potential price reversals.
• Color Coding: Bullish order blocks are marked in green, while bearish order blocks are marked in red, providing clear visual cues for trading decisions.
• Signal Display: The indicator provides labels and signals to inform traders about potential trading positions based on the identified order blocks.
• Adjustable Parameters: Traders can customize the indicator settings, including:
  • Indicator Period: Default is set to 2; increasing this value identifies longer-term order blocks, while decreasing it identifies shorter-term ones.
  • Candle Count: The number of candles required for the order block to be valid can be adjusted (default is 500).
  • Mitigation Options: Traders can choose how to validate order blocks based on price levels (proximal, 50% OB, or distal).
  • Drawing Modes: Two modes are available—defensive (suitable for risk-averse traders) and aggressive (suitable for risk-tolerant traders).

Methodology/Step-by-Step Guide:

1. Access the Smart Money Setup 07 indicator on TradingView by searching for its name.
2. Add the indicator to your chart and to your favorites for quick access.
3. Adjust the indicator settings:
   • Set the indicator period.
   • Adjust the number of candles for order block validity.
   • Choose a mitigation option based on trading strategy.
   • Select a drawing mode (defensive or aggressive).
4. Use the indicator to identify key order blocks and make informed trading decisions based on potential price reversals.

Presenters/Sources:

• TradingFinder