Summary of "💎 Smart Money Trap Scanner on TradingView - Free [TradingFinder]"

Smart Money Trap Scanner Overview

The video introduces the Smart Money Trap Scanner, a specialized TradingView indicator developed by the Trading Finder group. This tool is designed to help traders identify False Breakouts and liquidity traps in the market, which often signal potential trend reversals.

Main Financial Strategies and Market Analyses

Smart Money Style Trading The indicator focuses on detecting False Breakouts of key price levels, which are typically liquidity traps or market manipulations.
False Breakouts Identification It distinguishes two types of False Breakouts:
- Type A: Sharp reversal
- Type B: Gradual reversal over 2-5 candles
Use of Fibonacci Ratios The indicator uses Fibonacci retracement levels (0.618 to 1) to confirm buy or sell signals when the price returns to the breakout zone and closes within this range.
Liquidity Sweeps The tool identifies liquidity collection zones where stop losses are triggered before the price reverses.
Multi-symbol and Multi-timeframe Analysis Users can monitor up to 10-20 symbols simultaneously across various time frames. The indicator performs best on 1-minute and 5-minute charts.

How the Indicator Works: Step-by-Step Guide

Access & Setup
- Request access via the Trading Finder website (invite-only).
- Add the indicator on TradingView from the indicator section.
Application
- Apply the indicator to the chart to display a table at the bottom or inside the chart.
- The table shows symbols, exchanges, DDP percent, time frame, latest signal, signal type, entry price, and time since last signal.
Signal Generation
- Identifies key Swing Highs and Lows.
- Detects breakouts considered false when price returns to the breakout zone.
- Confirms signals when price pulls back to Fibonacci levels and closes within the range.
- Issues buy or sell signals based on the type of reversal (sharp or gradual).
Customization Options
- Set calculation period for swing identification (longer periods yield more reliable but fewer signals).
- Define maximum candles for entry trigger validity (default is 5).
- Choose swing analysis mode:
  - All: Analyze all swings
  - Custom: Limit number of swings (default 50)
- Set maximum candles for pullbacks to Fibonacci levels.
- Customize table display (position, size, number of symbols, display mode).
- Assign specific symbols and time frames for monitoring.
Alerts
- Enable or disable alerts for signals.
- Choose alert frequency: all signals, once per bar, or once per bar close.
- Set alert message and time zone.

Business Trends

Increasing use of algorithmic and indicator-based trading tools that automate detection of complex market patterns like liquidity traps.
Growing demand for multi-symbol, multi-timeframe monitoring tools to enhance trading efficiency.
Emphasis on combining technical analysis (Fibonacci, swing points) with smart money concepts to improve trade accuracy.

Presenters / Sources

The tutorial is provided by the Trading Finder group, the developers of the Smart Money Trap Scanner indicator. The video offers a comprehensive walkthrough and demonstration of the indicator’s features and settings.

This summary captures the core functionality, strategic use, and customization of the Smart Money Trap Scanner indicator as presented in the video.