HOTT LOTT (High & Low Optimized Trend Tracker) Bollinger Bands Calculation

The HOTT LOTT derives from Anıl Özekşi's OTT (Optimized Trend Tracker).

This version utilizes the Bollinger Bands for calculations and features two Optimized Trend Tracker lines: one tracking HIGHEST price values (HOTT) and another tracking LOWEST price values (LOTT). Unlike the standard OTT, which uses CLOSE prices, this variant uses extreme price points.

The tool excels at identifying ranging markets (Flat Zones).

The space between HOTT and LOTT constitutes a Flat Zone, which the creator recommends traders avoid.