Smart Money Trap Scanner [TradingFinder]

🔵Introduction

In many market conditions, what initially seems to be a decisive breakout often turns out to be nothing more than a false breakout or fake move. Price breaks through a significant structural level, such as a swing high or low or a key support and resistance zone, only to quickly return to its previous range. These moves, often driven by liquidity traps or market manipulation, typically signal structural weakness rather than the start of a new trend.

This screener is specifically designed to detect such situations. It focuses on identifying false breakouts and price returns to broken levels within a defined time window, and then looks for retracements into the Fibonacci zone. If price reenters the 0.618 to 1.0 retracement area and aligns with the time-based filters, the system flags a low-risk, high-probability entry opportunity.

To enhance the precision of signal detection, the screener categorizes setups into two distinct types based on the speed of the price reaction after a breakout. Type A signals occur when the price breaks a level and immediately returns to break-even within the very next candle indicating a sharp rejection and rapid invalidation of the breakout. In contrast, Type B signals involve a more gradual return to the broken level, typically taking between two to five candles. This differentiation allows traders to better assess the context and urgency of each trap, providing a clearer understanding of momentum and liquidity behavior behind the move.



Additionally, the screener includes a Signal Age feature, which displays how much time has passed since the last valid signal was generated. This allows traders to quickly assess signal freshness and avoid acting on outdated setups, especially in fast-moving market environments.

One of the key advantages of this tool is its ability to simultaneously scan multiple symbols and timeframes. It only triggers an alert when all conditions false breakout, structural return, and Fibonacci alignment are met. This allows traders to bypass the need for manually reviewing dozens of charts and instead concentrate on clean, valid, and structure-based setups with greater precision.




🔵How to Use

This tool operates as a structure-based screener that continuously scans various symbols and timeframes. By combining price behavior analysis, structural breakout detection, and Fibonacci retracement zones, it only signals entries when the probability of reversal is significantly supported by liquidity logic and price correction depth.

The system doesn’t just monitor price movements beyond key levels like swing highs or lows. It also evaluates whether the move quickly reverses and absorbs liquidity. If so, Fibonacci is applied to measure the depth of the pullback and identify the most favorable entry zones.

🟣Long Signal

A long setup is triggered when price temporarily breaks below a valid structural support or swing low. This initial move is typically designed to trigger stop losses and collect sell-side liquidity. If price returns to the broken level within five candles, it is considered a false breakout.

At this point, Fibonacci is drawn from the recent swing high to the new low. If price enters the 0.618 to 1.0 retracement zone within the next ten candles, a potential long entry aligned with Smart Money logic is activated. This deep retracement zone often offers the best low-risk entry, as it typically marks the area where liquidity has been absorbed and the breakout structure has failed.

The stop loss is placed slightly below the 1.0 level to account for minor fluctuations, while the target is set based on trend structure or risk-reward preferences.



🟣Short Signal

A short setup begins with price temporarily breaking above a valid resistance or swing high. This breakout is often driven by buy-side liquidity collection or stop hunting. If price returns to the broken level within five candles, the move is marked as a breakout failure.

Fibonacci is then drawn from the recent swing low to the new high. If price enters the 0.618 to 1.0 zone within ten candles after the return, a short opportunity is confirmed. This area usually represents the maximum acceptable retracement before a continuation move to the downside and often triggers strong reactions.

The stop loss is placed just above the 1.0 level, and the target is defined based on the expected structure of the move or a predetermined reward ratio.



🟡Advantages of the Screener

Unlike manual approaches that require constant monitoring of multiple charts, this tool functions as a fully automated screener across multiple symbols and timeframes. It continuously evaluates key levels, liquidity reactions, structural returns, and Fibonacci zones. An alert is only generated when all necessary conditions are met with high accuracy.



This ensures that traders avoid risky or misleading entries and stay focused on precise, verified, and logic-based setups — saving time, reducing noise, and improving consistency in decision-making.




🔵Settings

🟣Logical settings

Swing period: You can set the swing detection period.

Valid After Trigger Bars: Limits how many candles after a fake breakout the entry zone remains valid.

Max Swing Back Method: It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine.

Max Swing Back: You can set the number of swings that will go back for checking.

🟣Display Settings

Table on Chart: Allows users to choose the position of the signal dashboard either directly on the chart or below it, depending on their layout preference.





Number of Symbols: Enables users to control how many symbols are displayed in the screener table, from 10 to 20, adjustable in increments of 2 symbols for flexible screening depth.

Table Mode: This setting offers two layout styles for the signal table:

• Basic: Mode displays symbols in a single column, using more vertical space.
  
• Extended: Mode arranges symbols in pairs side-by-side, optimizing screen space with a more compact view.
  

Table Size: Lets you adjust the table’s visual size with options such as: auto, tiny, small, normal, large, huge.

Table Position: Sets the screen location of the table. Choose from 9 possible positions, combining vertical (top, middle, bottom) and horizontal (left, center, right) alignments.

🟣Symbol Settings

Each of the 10 symbol slots comes with a full set of customizable parameters:

• Symbol: Define or select the asset (e.g., XAUUSD, BTCUSD, EURUSD, etc.).
  
• Timeframe: Set your desired timeframe for each symbol (e.g., 15, 60, 240, 1D).
  

🟣Alert Settings

Alert: Enables alerts for SMT Screener.

Message Frequency: Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.

Show Alert Time by Time Zone: Configures the time zone for alert messages. Default is 'UTC'.



🔵Conclusion

Many trading mistakes stem from misinterpreting price breaks and entering too early into deceptive moves. In a market environment where false breakouts, liquidity traps, and engineered movements are increasingly common, having a tool that accurately filters these events and frames them within a Fibonacci-based and time-filtered structure provides a real strategic edge.

This indicator merges market structure logic, false breakout detection, and precise retracement analysis to ensure trades are only taken when multiple technical factors are aligned. It not only enhances trade success rates but also helps avoid emotional or impulsive entries.

Moreover, with the ability to scan across several symbols and timeframes simultaneously, the tool goes beyond being just an indicator it becomes a semi-automated structural analysis system. For traders who base their decisions on price behavior, Smart Money logic, and structural retracements, this screener can become a key component of a disciplined and effective trading approach.