OPEN-SOURCE SCRIPT
Обновлено Dynamic OTE by AKG
Title: Dynamic OTE (Optimal Trade Entry) by AKG
Description:
The Dynamic OTE by AKG is a streamlined price action indicator designed to automatically identify and highlight Optimal Trade Entry (OTE) zones on your chart.
By continuously tracking daily price action extremes, this tool calculates high-probability retracement zones, keeping your charts clean and your focus on the dominant trend. It anchors its calculations using the Previous Day High/Low (PDH/PDL) and the Current Day High/Low (CDH/CDL).
Key Features:
- Auto-Trend Filtering: The indicator calculates the range displacement of both bullish and bearish setups. By default, it automatically detects the dominant direction and only displays the relevant OTE box, preventing chart clutter.
- Precision OTE Levels: The drawn zones highlight the classic 62% to 79% retracement levels of the tracked daily ranges.
- Manual Override: If you prefer to see both sides of the market or want to manually dictate your bias, simply toggle off the "Auto-Filter" in the settings. You can then independently turn the Bullish and Bearish zones on or off.
- Dynamic Visuals: The indicator draws clean, colored boxes on the most recent price action. The boxes automatically update as the Current Day High or Low expands.
- Customizable Aesthetics: Easily adjust the colors of both the bullish and bearish OTE zones to fit your personal chart theme.
How to Use:
This tool is ideal for traders looking to enter pullbacks within an established daily expansion. When price retraces into the highlighted OTE box (between the 0.62 and 0.79 levels), look for your standard entry confirmations or lower-timeframe shifts in market structure to join the trend.
Description:
The Dynamic OTE by AKG is a streamlined price action indicator designed to automatically identify and highlight Optimal Trade Entry (OTE) zones on your chart.
By continuously tracking daily price action extremes, this tool calculates high-probability retracement zones, keeping your charts clean and your focus on the dominant trend. It anchors its calculations using the Previous Day High/Low (PDH/PDL) and the Current Day High/Low (CDH/CDL).
Key Features:
- Auto-Trend Filtering: The indicator calculates the range displacement of both bullish and bearish setups. By default, it automatically detects the dominant direction and only displays the relevant OTE box, preventing chart clutter.
- Precision OTE Levels: The drawn zones highlight the classic 62% to 79% retracement levels of the tracked daily ranges.
- Manual Override: If you prefer to see both sides of the market or want to manually dictate your bias, simply toggle off the "Auto-Filter" in the settings. You can then independently turn the Bullish and Bearish zones on or off.
- Dynamic Visuals: The indicator draws clean, colored boxes on the most recent price action. The boxes automatically update as the Current Day High or Low expands.
- Customizable Aesthetics: Easily adjust the colors of both the bullish and bearish OTE zones to fit your personal chart theme.
How to Use:
This tool is ideal for traders looking to enter pullbacks within an established daily expansion. When price retraces into the highlighted OTE box (between the 0.62 and 0.79 levels), look for your standard entry confirmations or lower-timeframe shifts in market structure to join the trend.
Информация о релизе
Title: Dynamic OTE (Optimal Trade Entry) by AKGDescription:
The Dynamic OTE by AKG is a streamlined price action indicator designed to automatically identify and highlight Optimal Trade Entry (OTE) zones on your chart.
By continuously tracking daily price action extremes, this tool calculates high-probability retracement zones, keeping your charts clean and your focus on the dominant trend. It anchors its calculations using the Previous Day High/Low (PDH/PDL) and the Current Day High/Low (CDH/CDL).
Key Features:
- Auto-Trend Filtering: The indicator calculates the range displacement of both bullish and bearish setups. By default, it automatically detects the dominant direction and only displays the relevant OTE box, preventing chart clutter.
- Precision OTE Levels: The drawn zones highlight the classic 62% to 79% retracement levels of the tracked daily ranges.
- Manual Override: If you prefer to see both sides of the market or want to manually dictate your bias, simply toggle off the "Auto-Filter" in the settings. You can then independently turn the Bullish and Bearish zones on or off.
- Dynamic Visuals: The indicator draws clean, colored boxes on the most recent price action. The boxes automatically update as the Current Day High or Low expands.
- Customizable Aesthetics: Easily adjust the colors of both the bullish and bearish OTE zones to fit your personal chart theme.
How to Use:
This tool is ideal for traders looking to enter pullbacks within an established daily expansion. When price retraces into the highlighted OTE box (between the 0.62 and 0.79 levels), look for your standard entry confirmations or lower-timeframe shifts in market structure to join the trend.
Информация о релизе
V3 Final Changelog:I've found some bugs & fixed it properly.
Now everything looks perfect to me, If any bugs I found in future, then I'll fix it.
Информация о релизе
THE ENDI'm sorry, I've to cipher my code, cause TV not facilitate to make any change after you upload the script.
And, I hope you can decipher the code & read my hidden message.
Good Bye.
Информация о релизе
Hi Guys, I came back cause I'm still seeing & getting soo many boosts of this indicator even I completely erased/destroyed the logic, Idk how but it convinced me to get back & I'm going to provide the full final fixed code now.I hope this indicator will help you in your trading journey, and thank you soo much for using this indicator.
Happy & Good luck Guys in your trading Journey : )
Информация о релизе
Final Closure Build.Thank U so far to all for using this Indicator.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.