OPEN-SOURCE SCRIPT

Fibonacci Optimal Entry Zone [OTE] (Zeiierman)

5 653
Overview
Fibonacci Optimal Entry Zone [OTE] (Zeiierman) is a high-precision market structure tool designed to help traders identify ideal entry zones during trending markets. Built on the principles of Smart Money Concepts (SMC) and Fibonacci retracements, this indicator highlights key areas where price is most likely to react — specifically within the "Golden Zone" (between the 50% and 61.8% retracement).
istantanea

It tracks structural pivot shifts (CHoCH) and dynamically adjusts Fibonacci levels based on real-time swing tracking. Whether you're trading breakouts, pullbacks, or optimal entries, this tool brings unparalleled clarity to structure-based strategies.
istantanea

Ideal for traders who rely on confluence, this indicator visually synchronizes swing highs/lows, market structure shifts, Fibonacci retracement levels, and trend alignment — all without clutter or lag.

The Structural Assumption
Price moves in waves, but key retracements often lead to continuation or reversal — especially when aligned with structure breaks and trend shifts.

The Optimal Entry Zone captures this behavior by anchoring Fibonacci levels between recent swing extremes. The most powerful area — the Golden Zone — marks where institutional re-entry is likely, providing traders with a sniper-like roadmap to structure-based entries.
istantanea

How It Works
Structure Tracking Engine
At its core, the indicator detects pivots and classifies trend direction:
  • Structure Period – Determines the depth of pivots used to detect swing highs/lows.
  • CHoCH – Break of structure logic identifies where the trend shifts or continues, marked visually on the chart.
  • Bullish & Bearish Modes – Independently toggle uptrend and downtrend detection and styling.

Fibonacci Engine
Upon each confirmed structural shift, Fibonacci retracement levels are projected between swing extremes:
  • Custom Levels – Choose which retracements (0.50, 0.618, etc.) are shown.
  • Real-Time Adjustments – When "Swing Tracker" is enabled, levels and labels update dynamically as price forms new swings.

Example:
If you disable the Swing Tracker, the Golden Level is calculated using the most recent confirmed swing high and low.
istantanea

If you enable the Swing Tracker, the Golden Level is calculated from the latest swing high or low, making it more adaptive as the trend evolves in real time.
istantanea


How to Use

Structure-Based Entry
Wait for CHoCH events and use the resulting Fibonacci projection to identify entry points. Enter trades as price taps into the Golden Zone, especially when confluence forms with swing structure or order blocks.
istantanea

Real-Time Reaction Tracking
Enable Swing Tracker to keep the tool live — constantly updating zones as price shifts. This is especially useful for scalpers or intraday traders who rely on fresh swing zones.
istantanea

Settings
  • Structure Period – Number of bars used to define swing pivots. Larger values = stronger structure.
  • Swing Tracker – Auto-updates fib levels as new highs/lows form.
  • Show Previous Levels – Keep older fib zones on chart or reset with each structure shift.


-----------------
Disclaimer

The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.