Video summary

๐Ÿ“Š Smart Money Setup 03 Indicator - Minor OB & Trend Proof in TradingView [Tradingfinder]

Main summary

Key takeaways

Business and Finance

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.

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