Smart Money Setup 01 Indicator - Proof of Two Order Blocks for TradingView

The Smart Money Setup 01 Indicator is one of the tools developed based on the Smart Money trading style. This indicator provides a trading setup with two Order Blocks (OB) originating from a Break of Structure (BOS).

The areas identified by this indicator mark potential trend reversal zones.

Specifications Table of Smart Money Setup 01 Indicator

The following table contains the specifications of the Smart Money Setup 01 Indicator:

Entering Buy Trades

Based on the CFDs on the Silver chart in the 15-minute timeframe, two Order Block zones are visible. The first Break of Structure creates the gray-colored Order Block, and before the price touches the first OB, another BOS occurs, forming the second Order Block.

According to chart analysis, a price retracement to the Double Order Blocks zone can provide a good opportunity for entering Buy trades.

Entering Sell Trades

Based on the USD/JPY currency pair chart in the 15-minute timeframe, two consecutive Order Block zones are formed due to multiple Breaks of Structure (BOSs).

A retracement to these Order Block zones presents a suitable opportunity for Sell trades, as the Double Order Blocks zone often leads to price reversals.

Smart Money Setup 01 Indicator Settings

The following section displays the settings of the Smart Money Setup 01 Indicator:

• Pivot Period: Calculations related to the pivot period

Conclusion

The Smart Money Setup 01 Indicator, one of the liquidity indicators in TradingView, generates two consecutive Order Blocks based on Breaks of Structure (BOSs).

The Double Order Blocks zone is recognized as a reversal area meaning that a trend reversal is likely when the price retraces to this zone.