Optimized Trend Tracker Oscillator OTTO — Indicator by KivancOzbilgic

oscillator trendanalysis ott anilozeksi kivanc fr3762 kivancozbilgic optimizedtrend optimizedtrendtracker

OTTO - Optimized Trend Tracker Oscillator is a derivative of Anıl Özekşi's OTT - Optimized Trend Tracker:

It is more sensitive to price movements when compared to its ancestor OTT.
There are 2 more parameters of VIDYA moving average lengths FAST and SLOW.
Fast VIDYA has length of 10 bars and Slow VIDYA has 25.
Correction Constant is a crucial parameter to make the calculation more stable.

you can use 1000 to 100000000 by the powers of ten to obtain more accurate graphic values.

Buy and Sell signals make indicator more meaningful.

Release Notes:

converted to v5

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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