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Otekura Range Trade Algorithm [Chain Hood]

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Otekura Range Trade Algorithm [Chain Hood] – Features & Usage
🔹 Key Features
1. Monday Range Detection

Automatically identifies Monday's High and Low.

Draws horizontal lines and optional Mid level.

Labels are displayed on chart.

2. Fibonacci Levels Based on Monday Range

Calculates Fibonacci levels using Monday range.

Can be used as support/resistance or target zones.

Levels and colors are fully customizable.

3. Visual Customization

Adjustable line thickness, style (solid, dashed, dotted), label size, and global color/text settings.

Clean or detailed display via simplified labels.

4. Alerts & Notifications

Auto-label and alert when a new Monday range forms.

Labels include Monday High/Low and projected TP zones (e.g., TP1, TP2) upon breakout.

5. User-Friendly Inputs

Toggle features, adjust distances, label formats, colors, and Fibonacci levels easily

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