Smart Money Setup 03 Indicator - Minor OB & Trend Proof in TradingView

Based on the Stop Hunt strategy, the Smart Money Setup 03 Indicator is developed for TradingView. When a stop hunt occurs, and the price breaks a minor pivot level, a Minor Order Block is formed.

This indicator, designed based on liquidity concepts, ICT trading methodology, and the Smart Money strategy, enables traders to align with Smart Money movements.

This indicator can facilitate the identification of short-term market movements and quick trading opportunities based on smart money behavior.

Smart Money Setup 03 Indicator Specifications

The table below outlines the specifications and features of the Smart Money Setup 03 Indicator:

Minor Demand Order Block

Based on a 1-minute chart analysis of Solana (SOL), a Minor OB is formed in the same range after a Stop Hunt on a minor pivot.

Following this, the price retraces to the Demand OB reacts to it, and resumes its upward movement.

Minor Supply Order Block

According to a 5-minute chart analysis of Bitcoin (BTC), a stop hunt on a minor pivot leads to the formation of a Supply Order Block.

The price then moves downward for some time before retracing to the Supply OB, where it encounters selling pressure and resumes its downtrend.

Smart Money Setup 03 Indicator Settings

The following image shows the settings panel for the Smart Money Setup 03 Indicator:

• Pivot Period: Defines the calculation period for pivot levels.

Conclusion

The Smart Money Setup 03 Indicator is a liquidity based tool that plots Minor Order Blocks using blue and yellow boxes.

These plotted zones represent high liquidity areas, and when the price revisits these levels, a potential trend reversal can be anticipated.

As a TradingView Smart Money Indicator, Setup 03 is particularly useful for traders utilizing ICT and SMC trading strategies.