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TFlab
18 mar 2024 11:35

Smart Money Setup 02 [TradingFinder] Mitigated Major OB Proof 

Euro Fx/U.S. DollarFXCM

Beskrivning

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🔵Introduction

"Smart money" is money invested by knowledgeable individuals at the right time, and this investment can yield the highest returns.

The concept we focus on in this indicator is whether the market is in an uptrend or downtrend. The market briefly takes a weak and reversal trend with "Minor BoS" without being able to break the major pivot.

In the next step, it returns to its main trend with a strong bullish move and continues its trend with a "Major BoS". The "order block" behind this rapid and powerful movement can be a valid order block for trading.

To better understand this setup, please refer to the explanations in the two images below.

Bullish Setup Details:



Bearish Setup Details:





🔵How to Use
After adding the indicator to the chart, you should wait for trading opportunities to form. By changing the "Time Frame" and "Period Pivot", you can see different trading positions. In general, the lower the "Time Frame" and "Period Pivot", the higher the likelihood of forming trading opportunities.

Bullish Setup Details on Chart:



Bearish Setup Details on Chart:





You can access "Period Pivot" via settings as an input.
Kommentarer
ajit_kop
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After applying , it is not visible . Is any setting to make it visible????
faqirabdullah88
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@ajit_kop, bro you have to wait for the setup and be patient...
faqirabdullah88
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Can you please add alerts whenever a new setup is formed? It would be a great help. There seems to be an alert but it cannot be setup correctly. Many thanks.
TFlab
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@faqirabdullah88, Hello
We are doing the final testing of the alert feature in all of our indicators.
After the debugging is completed, all the indicators will have the ability to set alerts
aa4abdulrafay
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@faqirabdullah88, are you there ?
Indyan
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It rarely find setups. it need to be more versatile and in Bearish Setup Details: example it need to be edited as short position instead of long position
if possible try to make scanner for it which can show on each timeframe where which setup is forming
thanks
TFlab
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@Indyan, Hello. Because it is set according to a specific setup, it is natural that it detects few cases. Regarding the mistake in the description, unfortunately, it is not possible to edit now.
Mer