Summary of "馃挵 Smart Money Concept Indicator to TradingView - Free - [TradingFinder]"
The video provides a detailed introduction and tutorial on the Smart Money Concept (SMC) Indicator available for free on TradingView, explaining its functionalities, settings, and practical applications for traders.
Main Financial Strategies and Concepts:
- Smart Money Concept (SMC): Focuses on tracking the actions of large financial institutions (central banks, funds, market makers) that control substantial capital and influence market price movements.
- Key Market Elements Identified by the Indicator:
- supply and demand zones
- Fair Value Gaps (FVG)
- market imbalances
- Liquidity levels (e.g., double tops and bottoms)
- order blocks and price action signals
- The indicator helps traders identify profitable trading opportunities by analyzing price behavior, liquidity collection, and market structure shifts.
Market Analysis and Trading Insights:
- The indicator allows for precise detection of significant price levels where smart money is likely active.
- Examples shown include price reactions to supply zones, liquidity collection through stop-loss triggers, and confirmation of momentum shifts.
- The tool assists in understanding market dynamics by highlighting areas where smart money accumulates or distributes positions.
Step-by-Step Guide to Using the Indicator:
- Accessing the Indicator:
- Go to TradingView鈥檚 indicators section.
- Search for the exact name of the Smart Money Concept indicator.
- Apply it to your chart.
- Optionally, add it to favorites for quicker access.
- Configuring Settings:
- Adjust pivot period to identify major or minor order blocks.
- Set the validity period for order blocks (default 500 candles).
- Enable/disable and customize demand and supply zones with color options.
- Toggle correction status for demand zones with modes: defensive and aggressive.
- Enable/disable proximity limits and FVG filters with four identification modes (very aggressive to very defensive) balancing quantity vs. reliability of FVGs.
- Adjust sensitivity settings for detecting static and dynamic pivots, liquidity lines, and double top/bottom levels.
- Customize display options for support and resistance lines (style, color, thickness).
- Choose whether to display numerical values on the chart.
- alerts setup:
- Name alerts and set alert types: once, once per bar, or popular Kellogg.
- Adjust alert time zones to local UTC offsets.
- Enable additional info display for alerts.
- Visual Customization:
- Modify colors and styles for clarity and personal preference.
- Enable or disable specific elements to reduce chart clutter.
- Use tester tools to review and analyze setups.
Business Trends and Practical Benefits:
- The indicator leverages institutional trading footprints, a growing trend among retail traders seeking to emulate professional strategies.
- Provides a comprehensive, customizable tool that integrates smart money theory with modern charting technology.
- Enhances decision-making by offering clear, actionable visual signals and alerts.
- Free availability on TradingView democratizes access to advanced trading analysis tools.
Presenters / Sources:
- The tutorial is presented by TradingFinder, the creator or promoter of the Smart Money Concept Indicator on TradingView.
This summary encapsulates the main financial strategies, indicator functionalities, configuration steps, and practical trading insights shared in the video.
Category
Business and Finance
