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
Talons OTE (Optimal Trade Entry)
This overlay strategy finds swing highs and lows, then marks an Optimal Trade Entry band between the 0.62 and 0.79 retracements of the latest impulse.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code50
Settings4inputs
LicenceNone stated
Last update5 months ago29 May 2026
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 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
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
A long is allowed only inside the bullish band and above a trend EMA; a short is allowed only inside the bearish band and below it. The entry is a limit at the band midpoint. The stop sits 0.3 ATR beyond the swing, and the take profit is the opposite swing. Orders use ten percent of equity and only when flat. Triangle markers plot on the price chart.
- Swing high and low impulse detection
- Fibonacci OTE band from 0.62 to 0.79
- EMA trend filter
- ATR-buffered stop and swing take profit
- Long and short triangle markers
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.
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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