Summary of "✨Smart Money Setup 01 Indicator - Proof of Two Order Blocks for TradingView-TFLab"
The video presents the Smart Money Setup 01 Indicator, available on TradingView via the Trading Finder website, designed to assist traders in identifying high-probability buy and sell signals based on smart money concepts.
Main Financial Strategies and Market Analysis:
- The indicator focuses on detecting two nested order block zones on price charts, which are key areas where institutional traders likely place orders.
- It uses the concept of Break of Structure (BOS) to confirm trend continuation or reversal.
- A buy or sell signal is generated after the price breaks the BOS level and interacts with the identified order block zones.
- The strategy is particularly useful in trending markets, as demonstrated with a downtrend example where the price hesitates, breaks BOS, and then continues in the trend direction after touching the order block zone.
Methodology / Step-by-Step Guide:
- Apply the indicator on TradingView by searching its name in the indicator section and adding it to your chart.
- The indicator identifies the first order block zone after a BOS level break.
- Wait for the price to return or touch this first order block zone.
- Upon a subsequent BOS break, the second order block zone is identified.
- Two zones are plotted on the chart representing these order blocks.
- A buy or sell signal is generated after these conditions are met.
- Enter a trade (buy or sell) when the price returns to either the first or second order block zone.
- Place a stop loss just beyond the order block zone to manage risk.
- Adjust the pivot period in the settings to control the sensitivity and reliability of order block detection:
- Higher pivot period = fewer but more reliable order blocks (longer time frames).
- Lower pivot period = more order blocks but less reliability (shorter time frames).
- Optionally, enable or disable input information display for clarity.
Business Trend:
- The indicator leverages smart money concepts and institutional order flow analysis, which is a growing trend among retail traders seeking to emulate professional trading strategies.
- Integration with TradingView and easy accessibility encourages widespread adoption and community feedback.
Presenters / Sources:
- The tutorial is presented by the creators or team behind the Smart Money Setup 01 Indicator, associated with Trading Finder and TFLab.
Category
Business and Finance