Automatic OTE (FX4LIVING) [Pro+]

Nov 23, 2023

Description:
Unlock the precision of your trading endeavors with our cutting-edge Automatic OTE Fibonacci Tool. This advanced indicator not only simplifies the intricate world of Fibonacci retracements but also introduces a unique time-based anchoring feature.

Thanks to the Timeframe feature, analysts can anchor Fibonacci High and Low values to any selected timeframe. While many find Monthly, Weekly, Daily, 4H, and 1H ranges effective, our tool offers unparalleled flexibility, allowing custom Tradingview times for 90-minute candle ranges and other bespoke intervals.


In collaboration with FX4_LIVING, key levels are thoughtfully grouped for enhanced ease and organization. These include the High, Low, Equilibrium (EQ), and the Optimal Trade Entry (OTE).

Optimal Trade Entry is a concept taught by the Inner Circle Trader utilizing fibonacci retracements to gauge when price is considered in Premium or Discount. When price reaches 62% retracement of the anchored swings, price enters an area considered for an optimal trade entry.

This said, these levels can act as much more than a simple retracement tool, showing continuous levels that price refers back to based on Premium and Discount prices of the previous interval.

15s Chart + 15m Automatic OTE:


5m Chart + 4H Automatic OTE:



This tool provides analysts the flexibility to input various Fibonacci Levels, with default settings aligned to FX4_LIVING's Trading Models. The integrated data table offers a distilled view of price action, enabling easy tracking where price is trading compared to the previous selected interval in percentage – where the High and the Low represent 0% and 100% interchangeably. This feature allows you to quickly know where price is, even if you decide to hide the Fibonacci Levels.


Key Features:

• Versatility Across Assets: Auto OTE Pro+ is meticulously designed for futures, forex, and bond markets, offering a comprehensive solution for a wide range of financial instruments.
  
• Timeframe Customization: Auto OTE Pro+ allows users to anchor timeframes, providing analysts with the flexibility to explore various ranges.
  
• Adaptive Table Colors: witness the data table adapt its colors when price approaches OTE levels, aligning seamlessly with Fibonacci levels.
  

Other Features:

• Customize Fibonacci and Key Level Line Style.
  
• Personalize Fibonacci and Key Level Line Color.
  
• Adjust Fibonacci and Key Level Line Width.
  
• Tailor Table Size and Location.
  

Usage Guidance:

1. Add Auto OTE to your Tradingview chart.
   
2. Observe where and when Fibonacci Levels are traded. Leverage this invaluable information to shape your narrative, whether you choose to explore internal range liquidity or capitalize on post-purge reversals.
   
3. Customize your desired Timeframe and Fibonacci Levels according to your preferences.
   

These tools are available ONLY on the TradingView platform.

Terms and Conditions

• Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products.
  Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
  
  By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
  

Nov 27, 2023

Release Notes

Added Feature:

• Added "Reverse" toggle
  

Dec 11, 2023

Release Notes

New Features:

• Added Custom Session input, can now generate Automatic FX4 OTEs of Time.
  
• Added option to choose "Wicks" or "Bodies" for the Price Range.
  

Dec 17, 2023

Release Notes

Updated Tooltips

Feb 21

Release Notes

Minor Bug Fixes

Mar 11

Release Notes

New Features Update!

• Added Alerts on Fibonacci Levels
  
• Added Customization for the Time Extension (better for Mobile Users)
  

Mar 15

Release Notes

- Fixed Bug on Session Mode: overlapping the daily open being cut short

Apr 4

Release Notes

• Fixed Bug with Session Time being inaccurate
  
• Added Manual OTE! Set you anchor point and the Auto OTE will adapt to price delivery!
  

Apr 5

Release Notes

Minor Bug Fixes