Optimized Trend Tracker

A brand new indicator from the developer of MOST (Moving Stop Loss) indicator Anıl Özekşi.

Optimized Trend Tracker OTT is an indicator that provides traders to find an existing trend or in another words to ser which side of the current trend we are on.

We are under the effect of the uptrend in cases where the prices are above OTT ,
under the influence of a downward trend, when prices are below OTT
it is possible to say that we are.

The first parameter in the OTT indicator set by the two parameters is the period/length.

OTT will be much sensitive to trend movements if it is smaller. And vice versa, will be less sensitive when it is longer.

As the period increases it will become less sensitive to little trends and price actions.

In this way, your choice of period, will be closely related to which of the sort of trends you are interested in.

The OTT percent parameter in OTT is an optimization coefficient. Just like in the period
small values ​​are better at capturing short term fluctuations, while large values
will be more suitable for long-term trends.

In addition, when OTT is used with the support line in it, buy and sell signals
it will become a producing indicator.

You can use OTT default alarms and Buy Sell signals like:

BUY when Prices are above OTT
SELL when Prices are below OTT

BUY when OTT support Line crosses over OTT line.
SELL when OTT support Line crosses under OTT line.

BUY when OTT line is Green and makes higher highs.
SELL when OTT line is Red and makes lower lows.

Note: A small coverage with English subtitles will be available on my Youtube Channel soon.

Release Notes: CMO bug fixed
Release Notes: added 7 different moving average types.

Built in Moving Average type defaultly set as VAR but users can choose from 8 different Moving Average types like:

SMA : Simple Moving Average
EMA : Exponential Moving Average
WMA : Weighted Moving Average
TMA : Triangular Moving Average
VAR : Variable Index Dynamic Moving Average a.k.a. VIDYA
WWMA : Welles Wilder's Moving Average
ZLEMA : Zero Lag Exponential Moving Average
TSF : True Strength Force
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
Twitter: @kivancozbilgic


500 coins
+4 Reply
Emeğinize sağlık, teşekkürler. Borsa İstanbul için period ve percent değerleri öneriniz nedir hocam?
+56 Reply
hocam OTT support line bende cıkmıyor. sadece OTT mor renklı line var. support lıne yok

ayrıca sızde close 5.5 , bende cıkan ise close 2.1.4

sızdekını nasıl bulabılırım hocam?

+31 Reply
JKardano JKardano
Anıl beyın youtube lınklerınden cozdum hocam. panıkle yazdım kusura bakmayın.

mukemmel olmus hocam ellerınıze saglık. cok tesekkurler sıze ve Anıl beye
+4 Reply
@JKardano, İyi geceler dostum. Ben bulamadım, yardımcı olursanız sevinirim. Hayırlı kazançlar dilerim.
+5 Reply
@JKardano, Dostumaynı sorun bir cok kiside var acaba sorunu nasıl duzeltecegimizi gösteren kısa bir acıklama yapabilir misiniz ?
fatihelihos JKardano
@JKardano, Aynı sıkıntı bende de var
JKardano fatihelihos
@fatihelihos, halledebıldın mı?
fatihelihos JKardano
@JKardano, Yok .sen yaptın mı?
coversyl JKardano
@JKardano, Selamlar bende de aynı şekilde çıkıyor mor renkli line var yalnızca çözemedim yardımcı olurmusunuz.
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