OTE Ranges

Tracks the Optimal Trade Entry zone (0.705–0.786 Fibonacci retracement) in real time, automatically detecting range reversals and re-entries.

Overview

OTE Ranges is built on the ICT Optimal Trade Entry concept — the zone between the 0.705 and 0.786 Fibonacci retracement levels where institutional entries are most likely to occur. The indicator continuously tracks the active price range (bullish or bearish), plots the high and low boundaries, and fills the OTE zone between 0.705 and 0.786. When price re-enters the OTE zone, a setup arms — if the range high is subsequently swept, the range flips from bearish to bullish (or vice versa). If the range low is swept instead, it's a continuation with the range resetting. An optional midline at the 50% of the OTE zone provides a precise entry reference within the zone.

Settings

Show OTE Midline — Toggle (default: on) Draws a line at the 50% midpoint of the OTE zone.

OTE Level A — Float (default: 0.705) First Fibonacci level defining the OTE zone boundary.

OTE Level B — Float (default: 0.786) Second Fibonacci level defining the OTE zone boundary.

Bearish High Color — Color (default: red) Color of the tracked high line in bearish ranges.

Bullish High Color — Color (default: green) Color of the tracked high line in bullish ranges.

Bearish Low Color — Color (default: orange) Color of the tracked low line in bearish ranges.

Bullish Low Color — Color (default: teal) Color of the tracked low line in bullish ranges.

Line Width — Integer 1–5 (default: 2) Thickness of the range boundary lines.

Line Style — Line | Line Break | Stepline (default: Line Break) Visual rendering style for the range boundary lines.

Bearish OTE Zone Color — Color (default: red, 82% transparent) Fill color for the OTE zone during bearish ranges.

Bullish OTE Zone Color — Color (default: green, 82% transparent) Fill color for the OTE zone during bullish ranges.

Show Fib Boundary Lines — Toggle (default: off) Shows lines at the 0.705 and 0.786 levels.

Fib Boundary Color — Color (default: white, 50% transparent) Color of the fib boundary lines.

Bearish Midline Color — Color (default: red, 20% transparent) OTE midline color during bearish ranges.

Bullish Midline Color — Color (default: green, 20% transparent) OTE midline color during bullish ranges.

Display Info Box — Toggle (default: on) Shows indicator name, symbol, timeframe, and date.

Info Box Text Color — Color (default: black, 20% transparent) Color of info box text.

How We Use It

OTE Ranges is used as a structural bias and entry framework tool. The team watches for price to retrace into the OTE zone (0.705-0.786) after a displacement move — entries at the midline or deeper into the zone provide the tightest risk-to-reward setups. When the range flips from bearish to bullish (or vice versa), it's a structural signal that aligns with the Prophet Model and CRT workflow. The OTE zone acts as a natural complement to FVGs and CISDs — when a CISD or first-presented FVG forms inside an active OTE zone, the confluence is treated as a high-conviction entry location.