by 
This strategy enters trades in the opposite direction of filled value gaps, operating under the assumption that price action will resume the primary trend after filling a recent gap. It plots directly on the main price chart and supports MA-based trend filters
Strategy · Pine Script v5 · On the chart
OTE (Optimal Trade Entry)
This strategy draws optimal trade entry zones on the price chart from confirmed swing pivots.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code50
Settings4inputs
LicenceMIT
Last update3 months ago8 Jul 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
50 lines of Pine Script v5 from public/code/smc__ote.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("OTE (Optimal Trade Entry)", overlay=true,
default_qty_type=strategy.percent_of_equity, default_qty_value=10)
swingLb = input.int(10, "Swing LB")
fibLow = input.float(0.62, "Fib Low")
fibHigh = input.float(0.79, "Fib High")
emaP = input.int(200, "Trend EMA")
atrVal = ta.atr(14)
emaT = ta.ema(close, emaP)
ph = ta.pivothigh(swingLb, swingLb)
pl = ta.pivotlow(swingLb, swingLb)
var float lastSH = na, var int lastSHIdx = na
var float lastSL = na, var int lastSLIdx = na
if not na(ph)
lastSH := ph
lastSHIdx := bar_index - swingLb
if not na(pl)
lastSL := pl
lastSLIdx := bar_index - swingLb
upImpulse = not na(lastSHIdx) and not na(lastSLIdx) and lastSHIdx > lastSLIdx
dnImpulse = not na(lastSHIdx) and not na(lastSLIdx) and lastSLIdx > lastSHIdx
oteHighL = upImpulse ? lastSH - (lastSH - lastSL) * fibLow : na
oteLowL = upImpulse ? lastSH - (lastSH - lastSL) * fibHigh : na
oteLowS = dnImpulse ? lastSL + (lastSH - lastSL) * fibLow : na
oteHighS = dnImpulse ? lastSL + (lastSH - lastSL) * fibHigh : na
longSig = upImpulse and close >= oteLowL and close <= oteHighL and close > emaT
shortSig = dnImpulse and close >= oteLowS and close <= oteHighS and close < emaT
if longSig and strategy.position_size == 0
sl = lastSL - 0.3 * atrVal
entry= (oteLowL + oteHighL) / 2
risk = entry - sl
strategy.entry("OTE L", strategy.long, limit=entry)
strategy.exit("X", "OTE L", stop=sl, limit=lastSH)
if shortSig and strategy.position_size == 0
sl = lastSH + 0.3 * atrVal
entry= (oteLowS + oteHighS) / 2
risk = sl - entry
strategy.entry("OTE S", strategy.short, limit=entry)
strategy.exit("X", "OTE S", stop=sl, limit=lastSL)
plotshape(longSig, "L", shape.triangleup, location.belowbar, color.lime)
plotshape(shortSig, "S", shape.triangledown, location.abovebar, color.red)
Overview
A later swing high after a swing low defines an up impulse, and the reverse defines a down impulse. It then marks the 0.62 to 0.79 Fibonacci retracement of that swing. A long signal needs price inside the bullish zone and above the trend EMA; a short signal needs the bearish zone and price below the EMA. When flat, it places a limit order at the zone midpoint, a stop beyond the opposite swing by a fraction of ATR, and a take profit at the impulse extreme. Triangle markers show the signals.
- Fibonacci OTE zone from 0.62 to 0.79
- Swing pivot impulse direction
- 200-period EMA trend filter
- ATR-buffered stop and swing take profit
- Limit entry at the zone midpoint
Details
Published by
muammeryldrm42 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance, Trend
Markets
Any symbol
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.
Topics
cryptofuturessodexsosovaluestrategyvaluechain
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Swing LB | int | 10 | swingLb |
| Fib Low | float | 0.62 | fibLow |
| Fib High | float | 0.79 | fibHigh |
| Trend EMA | int | 200 | emaP |
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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