Optimized Trend Tracker Bands — Indicator by KivancOzbilgic

volatility trendanalysis ott anilozeksi kivanc fr3762

Derived from Anıl Özekşi's Optimized trend tracker Indicator OTT:

by himself on his last youtube video with subtitles.

OTT Bands tries to determine accurate support and resistance levels after users manually set the 2 optimization coefficients (for UPPER AND LOWER BANDS) just by having the highest and lowest price levels inside the OTT Bands.

After that user can enjoy the fibonacci coefficiented levels just by selecting from indicator settings.

A message from the developer Anıl Özekşi to all traders:

"Hope you are always on the winning side ..."

Kıvanç Özbilgiç

Release Notes:

MTF added

Threads: threads.net/@kivancozbilgic

YouTube (Turkish): youtube.com/c/kivancozbilgic

YouTube (English): youtube.com/c/AlgoWorld

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.

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.

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