High & Low Optimized Trend Tracker (OTT) + Strategy!
High & Low Optimized Trend Tracker is a derivative of the original OTT by Anıl Özekşi and is consisted of two OTT lines. First line, HOTT (Highest price values) and the second line LOTT (Lowest price values). It's extremely easy to have a grasp of. Price is considered to be in an uptrend over HOTT line (turquoise candles) and a downtrend below the LOTT line (fuchsia candles). Middle area can be considered as a "no trade zone". So it has a trend filtering function along with the buy/sell signals. I formed an examplary strategy using candlestick patterns and stochastic rsi in order you to have a better grasp of the system! Hope you'll develop yourself decent strategies using this indicator!
https://tr.tradingview.com/script/5qk...
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Do not treat this video as explicit financial, investment or trading advice.