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

TradingView

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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.

How the Smart Money Setup 03 Indicator works
Adding the SMC Setup 03 Indicator

Smart Money Setup 03 Indicator Specifications

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

Category

Smart Money - Supply & Demand - ICT

Platform

TradingView

Skill Level

Advanced

Indicator Type

Reversal - Continuation

Timeframe

1 min - 5 min - 15 min - 1 hour - 4 hours

Trading Style

Intraday Trading

Markets

Cryptocurrency - Stocks - Forex – Commodities

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.

Analyzing an uptrend with the SMC Setup 03 Indicator
Examining the Demand Order Block with the Smart Money Setup 03 Indicator

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 in a downtrend
Sell position using the SMC Setup 03 Indicator

Smart Money Setup 03 Indicator Settings

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

SMC Setup 03 Indicator settings panel
Reviewing the settings panel for the Smart Money Setup 03 Indicator in TradingView
  • 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.

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FAQs

Is the Smart Money Setup 03 Indicator only suitable for the cryptocurrency market?

No, the Smart Money Setup 03 Indicator is applicable across all markets, including Forex, Stocks, and Commodities.

Is the Smart Money Setup 03 Indicator suitable for monthly timeframes?

Smart Money Setup 03 is specifically designed for short-term and intraday timeframes.

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