This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
Indicator · Pine Script v5 · On the chart
BTMM OTE Zones
BTMM OTE Zones automatically identifies swing points to project key Fibonacci retracement levels and Optimal Trade Entry (OTE) areas such as 61.8%, 70.5%, and 78.6%.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code336
Settings24inputs
LicenceNone stated
Last update1 year ago10 Jul 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
BTMM OTE Zones plots these levels along with Premium and Discount valuation zones directly on the main price chart. Users can adjust the swing lookback period, customize zone percentage thresholds, select visible Fibonacci ratios, and set up alerts for zone entries or price level touches.
- Automated swing point detection for Fibonacci retracements
- Optimal Trade Entry (OTE) zone identification
- Customizable Premium and Discount valuation zones
- Alert triggers for zone entries and level touches
Details
Published by
jcortes254 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance
Markets
Forex
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Fibonacci Levels | bool | true | enable_fibonacci |
| Enable Premium/Discount Zones | bool | true | enable_premium_discount |
| Swing Point Lookback | int | 20 | swing_lookback |
| OTE Zone Sensitivity | float | 1.0 | ote_sensitivity |
| Show OTE Labels | bool | true | show_ote_labels |
| Show 61.8% Level | bool | true | show_fib_618 |
| Show 78.6% Level | bool | true | show_fib_786 |
| Show 70.5% Level (OTE) | bool | true | show_fib_705 |
| Show 79% Level (OTE) | bool | true | show_fib_79 |
| Extend Fibonacci Lines | bool | true | fib_extension |
| Auto Fibonacci Detection | bool | true | auto_fib_detection |
| Premium Zone Threshold (%) | float | 70.0 | premium_threshold |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Discount Zone Threshold (%) | float | 30.0 | discount_threshold |
| Show Premium/Discount Zones | bool | true | show_pd_zones |
| Zone Transparency | int | 80 | pd_zone_transparency |
| OTE Zone Color | color | color.new(color.yellow, 70) | ote_zone_color |
| Premium Zone Color | color | color.new(color.red, pd_zone_transparency) | premium_zone_color |
| Discount Zone Color | color | color.new(color.green, pd_zone_transparency) | discount_zone_color |
| Fibonacci Line Width | int | 1 | fib_line_width |
| Show Price Labels on Levels | bool | true | show_price_labels |
| OTE Zone Entry Alerts | bool | true | enable_ote_alerts |
| Premium/Discount Alerts | bool | true | enable_pd_alerts |
| Fibonacci Level Touch Alerts | bool | true | enable_fib_touch_alerts |
| Alert Frequency | string | once_per_bar | alert_frequency |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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