Optimized Trend Tracker

Optimized Trend Tracker

Optimized Trend Tracker OTT is an indicator that provides traders to find an existing trend or in another words to know 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.

(description from original author: KivancOzbilgic)

 

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. zilliq • 03/24/2021 #

    Thanks @Nicolas. I tried to use it as Trend in a proorder system, but don’t know why, it doesn’t work. The system stop. Do you have the same problem? Have a nice day

  2. Suzu Yuk • 296 days ago #

    He is right. MT and mavgMT are not defined and causing errors…..

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