OPEN-SOURCE SCRIPT
Rajiv Fibonacci OTE
Rajiv Fibonacci OTE RR System
The Rajiv Fibonacci OTE RR System is a smart multi-timeframe trading indicator designed for intraday and swing trading.
It combines Higher Timeframe Fibonacci retracement, OTE (Optimal Trade Entry) zone, and ATR-based Risk Management to generate high-probability BUY and SELL setups with automatic Entry, Stoploss, and Target levels.
Main Features
1. Multi-Timeframe Fibonacci
The script automatically calculates Fibonacci retracement levels from a higher timeframe candle.
Default HTF:
Daily timeframe (D)
Key levels:
0.50
0.618
0.786
These levels help identify:
institutional retracement zones
pullback entries
continuation setups
2. OTE Zone (Optimal Trade Entry)
The indicator highlights the:
0.618 to 0.786 Fibonacci zone
This zone is considered a:
smart money retracement area
institutional entry zone
trend continuation zone
Yellow shaded area visually marks the OTE region.
3. Automatic BUY & SELL Signals
BUY Signal
Generated when:
price crosses above 0.618 Fib level
price remains above 0.50 level
SELL Signal
Generated when:
price crosses below 0.618 Fib level
price remains below 0.50 level
Signals appear directly on chart.
4. ATR-Based Stoploss
The script uses:
SL=Entry±(ATR×Multiplier)
This creates dynamic stoploss levels based on market volatility.
Benefits:
adaptive risk control
works in all market conditions
avoids fixed stoploss problems
5. Risk Reward Targets
The indicator automatically calculates:
Target 1 → Risk Reward 1:2
Target 2 → Risk Reward 1:3
Target 3 → Risk Reward 1:4
Formula:
Target=Entry±(Risk×RR)
This ensures:
proper trade management
disciplined exits
professional risk handling
6. Automatic Lines
The script draws live chart levels for:
Entry
Stoploss
TP 1:2
TP 1:3
TP 1:4
This helps traders visualize:
trade structure
risk zones
reward zones
7. Alerts Included
Built-in TradingView alerts:
BUY Signal
SELL Signal
Useful for:
mobile notifications
automation
scanner setups
Best Timeframes
Recommended:
5 Min
15 Min
30 Min
1 Hour
Best suited for:
NSE Stocks
BankNifty
Nifty
Futures
Intraday Momentum Trading
Trading Style
Works best in:
trending markets
pullback continuation setups
momentum breakout conditions
Avoid during:
extremely sideways markets
low volatility sessions
Strategy Logic
The indicator follows:
Higher timeframe trend
Fibonacci retracement
OTE institutional zone
ATR volatility stoploss
Fixed professional risk reward
The Rajiv Fibonacci OTE RR System is a smart multi-timeframe trading indicator designed for intraday and swing trading.
It combines Higher Timeframe Fibonacci retracement, OTE (Optimal Trade Entry) zone, and ATR-based Risk Management to generate high-probability BUY and SELL setups with automatic Entry, Stoploss, and Target levels.
Main Features
1. Multi-Timeframe Fibonacci
The script automatically calculates Fibonacci retracement levels from a higher timeframe candle.
Default HTF:
Daily timeframe (D)
Key levels:
0.50
0.618
0.786
These levels help identify:
institutional retracement zones
pullback entries
continuation setups
2. OTE Zone (Optimal Trade Entry)
The indicator highlights the:
0.618 to 0.786 Fibonacci zone
This zone is considered a:
smart money retracement area
institutional entry zone
trend continuation zone
Yellow shaded area visually marks the OTE region.
3. Automatic BUY & SELL Signals
BUY Signal
Generated when:
price crosses above 0.618 Fib level
price remains above 0.50 level
SELL Signal
Generated when:
price crosses below 0.618 Fib level
price remains below 0.50 level
Signals appear directly on chart.
4. ATR-Based Stoploss
The script uses:
SL=Entry±(ATR×Multiplier)
This creates dynamic stoploss levels based on market volatility.
Benefits:
adaptive risk control
works in all market conditions
avoids fixed stoploss problems
5. Risk Reward Targets
The indicator automatically calculates:
Target 1 → Risk Reward 1:2
Target 2 → Risk Reward 1:3
Target 3 → Risk Reward 1:4
Formula:
Target=Entry±(Risk×RR)
This ensures:
proper trade management
disciplined exits
professional risk handling
6. Automatic Lines
The script draws live chart levels for:
Entry
Stoploss
TP 1:2
TP 1:3
TP 1:4
This helps traders visualize:
trade structure
risk zones
reward zones
7. Alerts Included
Built-in TradingView alerts:
BUY Signal
SELL Signal
Useful for:
mobile notifications
automation
scanner setups
Best Timeframes
Recommended:
5 Min
15 Min
30 Min
1 Hour
Best suited for:
NSE Stocks
BankNifty
Nifty
Futures
Intraday Momentum Trading
Trading Style
Works best in:
trending markets
pullback continuation setups
momentum breakout conditions
Avoid during:
extremely sideways markets
low volatility sessions
Strategy Logic
The indicator follows:
Higher timeframe trend
Fibonacci retracement
OTE institutional zone
ATR volatility stoploss
Fixed professional risk reward
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。