Detecting Stop Hunts at Key Levels
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Detecting Stop Hunts at Key Levels
Smart Money Stop Hunt Detector is a powerful visual analysis tool designed to identify potential "stop hunt" zones orchestrated by large market participants. The indicator automatically displays significant price levels on the chart and signals when price "stops out" positions beyond these levels with a swift subsequent reversal.
🔍 Core Concept
Large market players (Smart Money) often intentionally push price beyond key support/resistance levels (round numbers, Fibonacci levels, highs/lows) to collect liquidity from retail traders' stop-loss orders. After this, price reverses and moves in the opposite direction. Our indicator automatically detects such patterns, helping you see the "invisible hand" of the market and make more informed trading decisions.
🎯 Key Features
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Multi-Level Analysis: Displays 4 types of significant levels:
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Round Numbers: Key psychological levels (1.1000, 1.1050, etc.).
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Fibonacci Levels: Retracement levels 0.618 and 0.786, constructed from the High/Low over the specified period.
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Previous High/Low: Highs and lows from the last N days.
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Gap Levels (Morning Gaps): Previous day's close and current day's open levels for tracking gaps.
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Stop Hunt Detection: The indicator analyzes a configurable number of bars in history to find moments when price broke through a level and then returned by a specified percentage of the Average True Range (ATR). This is the classic stop hunt pattern.
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Visual Cues:
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All levels are displayed on the chart as horizontal dotted lines with color coding and labels.
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When a stop hunt is detected, a "STOP HUNT" text label appears on the chart, indicating which level experienced the liquidity grab.
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Flexible Settings: You can enable/disable any level type, configure the number of bars for analysis, the return threshold, and the maximum number of displayed lines to avoid chart clutter.
📊 Input Parameters
| Parameter | Description |
|---|---|
| Show Round Numbers | Display round number levels. |
| Show Fib Levels | Display Fibonacci levels (0.618 and 0.786). |
| Show Previous HL | Display previous days' highs and lows. |
| Show Gap Levels | Display morning gap levels. |
| Bars to check for hunt | Number of bars (into history) to scan for the Stop Hunt pattern. |
| Min return % from extreme | Minimum percentage price return from the extreme (relative to average ATR) to qualify as a Stop Hunt event. |
| Max Levels to Show | Maximum number of levels displayed on the chart simultaneously. |
| Show level labels | Display text labels next to levels. |
| Days for previous levels | Number of days for calculating previous High/Low and Fibonacci levels. |
💡 How to Use
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Attach the indicator to any chart.
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Configure the displayed levels according to your trading strategy.
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Watch for "STOP HUNT" text labels to appear.
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If a label appears near a level you're considering as a potential entry point, this can be a strong confirmation of a reversal or continuation in the direction opposite to the "hunt."
🛠 Technical Details
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Platform: MetaTrader 5
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Type: Custom Indicator
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Version: 1.00
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Language: MQL5
📝 Note
This indicator is a technical analysis tool and does not guarantee future results. Always use it in conjunction with other analysis methods and proper risk management.
