OPEN-SOURCE SCRIPT
Updated 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.
Release Notes
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.
Release Notes
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.
Release Notes
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.
Release Notes
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 : )
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.