OPEN-SOURCE SCRIPT
OTE Power Bands
OTE Power Bands
This indicator combines regression flow analysis with dynamic power measurement to visualize trend structure, pullback zones, and market strength in a single framework.
Instead of using static Fibonacci levels, the bands are built around a flowing regression core that continuously adapts to market direction, volatility, and price behavior. The result is a dynamic structure that expands and contracts with changing market conditions.
Key Features:
• Flowing Regression Core
A curved regression engine that tracks the underlying market flow rather than simple moving averages.
• Dynamic Flow Bands
Adaptive upper and lower flow zones calculated from volatility and price deviation. The bands automatically adjust to changing market environments.
• Trend Flow Detection
The regression core determines whether the market is in a bullish, bearish, or neutral flow state.
• Power Engine
Measures trend quality using:
* Regression slope strength
* Regression curvature
* Price distance from the flow core
* Volatility expansion
• AVG Power
Calculates the average strength of the flow over time, helping identify whether the current trend is stronger or weaker than its own historical behavior.
• Edge Measurement
Displays the difference between current Power and AVG Power.
Positive Edge:
Current flow strength is above average.
Negative Edge:
Current flow strength is below average.
Panel Information:
Flow
Current market flow direction.
Power
Current flow strength.
AVG
Average flow strength.
Edge
Difference between current and average strength.
This tool is designed to help traders visualize trend structure, flow quality, and dynamic market behavior without relying on fixed support and resistance levels.
This indicator combines regression flow analysis with dynamic power measurement to visualize trend structure, pullback zones, and market strength in a single framework.
Instead of using static Fibonacci levels, the bands are built around a flowing regression core that continuously adapts to market direction, volatility, and price behavior. The result is a dynamic structure that expands and contracts with changing market conditions.
Key Features:
• Flowing Regression Core
A curved regression engine that tracks the underlying market flow rather than simple moving averages.
• Dynamic Flow Bands
Adaptive upper and lower flow zones calculated from volatility and price deviation. The bands automatically adjust to changing market environments.
• Trend Flow Detection
The regression core determines whether the market is in a bullish, bearish, or neutral flow state.
• Power Engine
Measures trend quality using:
* Regression slope strength
* Regression curvature
* Price distance from the flow core
* Volatility expansion
• AVG Power
Calculates the average strength of the flow over time, helping identify whether the current trend is stronger or weaker than its own historical behavior.
• Edge Measurement
Displays the difference between current Power and AVG Power.
Positive Edge:
Current flow strength is above average.
Negative Edge:
Current flow strength is below average.
Panel Information:
Flow
Current market flow direction.
Power
Current flow strength.
AVG
Average flow strength.
Edge
Difference between current and average strength.
This tool is designed to help traders visualize trend structure, flow quality, and dynamic market behavior without relying on fixed support and resistance levels.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。