The high penetration of distribution generators (DGs), such as photovoltaic (PV), has made optimal overcurrent coordination a major concern for power protection. In the literature, the conventional single or multi‐objective function (OF) for phase overcurrent relays (OCRs) scheme faces challenges in terms of stability, sensitivity, and selectivity to handle the integration of DGs and ground fault scenarios. In this work, a new optimal OCR coordination scheme has been developed as a multifunction scheme for phase and ground events using standard and non‐standard tripping characteristics. This research introduces and validates a coordinated optimum strategy based on two new optimization approaches, the Tug of War Optimization algorithm (TWO) and the Charged System Search algorithm (CSS), to mitigate the effects of DGs on fault currents and locations across the power network. Industrial software is used to create a case study of a CIGRE power network equipped with two 10 MW PV systems, and the results of the proposed new optimum coordination scheme are compared to traditional schemes. The findings show that the proposed multifunction OCR scheme is able to reduce the tripping time of OCRs over different fault and grid operation scenarios and increase the sensitivity of the relays in islanding operation mode. Schematic signal diagram of the dynamic multifunction OCRs.