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Optimized Trend Tracker OTT

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 see 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.

the source of this indicator is got from Tradingview and I have just converted to MT5.



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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data and therefore the mome
- 50% off - Telegram group : https://t.me/+5RIceImV_OJmNDA0 MT4 version : https://www.mql5.com/en/market/product/84526?source=Unknown%3Ahttps%3A%2F%2Fwww.mql5.com%2Fen%2Fmarket%2Fmy Master Pullback is a complete system that gives unique trading opportunities and a clear indication of the market: trend, signals as well as stop loss and take profit levels. This system has been designed to be as simple as possible and detects extreme overbought and oversold zones, support and resistance levels, a
Professional Scalping Tool on Deriv Attention! The indicator will be sold in limited quantities!!! Description: This trading indicator is designed for professional traders focused on scalping. Designed with the market in mind, it provides highly accurate spike trading signals. It works on the M1 timeframe and supports the following symbols: Boom 300 Index, Boom 500 Index, Boom 1000 Index, Crash 300 Index, Crash 500 Index, Crash 1000 Index. Functional Features: - Direction: - Trading is ca
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5 (2)
This is the Best Renko chart generator ever in the market you can set the box sizes based on ATR or Fixed Size: 1. Fixed Box Size 2. Current ATR Size 3. ATR size of the Chart Start Time. also you can set the Renko chart cut of date and time to start as reference of creating renko charts. you need to attach to a symbol chart that want the renko chart of it, then immediately a new chart will be opened which is based on renko, you can use this generated chart and attach your EA to trade on or you e
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Pivot Point Super Trend is another type of famous super trend indicator which is equipped with pivot points in different way. this indicator used to be available in the Trading view and this is converted from there to the MT4 language. MT5 version of the indicator is also available and you can find in my products. there are also buy/sell signals shown on the screen.
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