OTTO (KivancOzbilgic) / Owl of Profit remake

Optimized Trend Tracker Oscillator Strategy (KivancOzbilgic)

Big thanks to KivancOzbilgic for developing this sophisticated and customizable trend-following strategy. The Optimized Trend Tracker Oscillator (OTTO) is designed to provide precise buy and sell signals using dynamic stop-loss levels and multiple moving average types.

Features:
Customizable Moving Averages (MA):

Choose from various MA types: SMA, EMA, WMA, DEMA, TMA, VAR, WWMA, ZLEMA, TSF, or HULL.
Adjust length and optimization parameters for a tailored fit.
Dynamic Stop-Loss Levels:

Automatically adjusts based on the selected MA and user-defined optimization coefficients.
Includes both long and short stop-loss levels.
Buy and Sell Signal Detection:

Signals are generated when HOTT and LOTT lines cross.
Signals are visually marked on the chart and can trigger alerts.
Entry and Exit Logic:
Long Condition:

Triggered when HOTT crosses below LOTT, signaling a bullish trend.
Closes any short positions before opening a long position.
Short Condition:

Triggered when HOTT crosses above LOTT, signaling a bearish trend.
Closes any long positions before opening a short position.
Visualization:
HOTT and LOTT Lines:

HOTT (High Optimized Trend Tracker) dynamically follows the trend.
LOTT (Low Optimized Trend Tracker) acts as a counter line for crossovers.
Highlighting:

Bullish zones are highlighted in green, and bearish zones are highlighted in red.
Buy and Sell Signals:

Signals are plotted with clear labels (Buy and Sell) for easy interpretation.
Alerts:
Alerts are built-in for buy and sell signals, ensuring you never miss an opportunity.
This strategy is ideal for traders who want to combine trend tracking with adaptive stop-losses for precise entries and exits. Use it for backtesting and further refinement to match your trading style.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!