Trendoscope® Knowledge Base

Dual Zigzag indicator is built on recursive zigzag algorithm. It is very similar to other zigzag indicators published by us and other authors. However, the key point here is, the indicator draws zigzag on both price and any other plot based indicator on separate layouts. Link to the Indicator: Dual Zigzag Indicator Zigzag indicator breaks down price or any input series into a series of Pivot Highs and Pivot Lows alternating between each other. Zigzags though shows pivot high and lows, should not…

Embark on a journey through the most comprehensive and feature-rich Zigzag implementation you’ll ever encounter. Our Multi-Timeframe Recursive Zigzag Indicator is not just another tool; it's a groundbreaking advancement in technical analysis. Link to the Indicator: Multi-Timeframe Recursive Zigzag Our Zigzag Indicator is designed with an understanding of its inherent nature - the last unconfirmed pivot that consistently repaints. This characteristic, while by design, directs its usage more towards pattern recognition rather than direct identification of market tops and bottoms. Here's how…

The Zigzag Tails Indicator, a groundbreaking tool from Trendoscope, redefines technical analysis by seamlessly integrating anchored VWAPs (Volume Weighted Average Prices) and Average Price calculations with Zigzag pivot points. This advanced indicator recalculates Average Price or VWAP from one Zigzag pivot to the next, offering unparalleled insights into market movements. Link to the Indicator: Zigzag Tails Each Zigzag pivot can feature up to three distinct tails, corresponding to the high, low, and close prices of each candle. Users have the flexibility to…

The Volume Forks Indicator is a comprehensive research tool that combines two innovative techniques, Recursive Auto-Pitchfork and Angled Volume Profile. This indicator provides traders with valuable insights into price dynamics by integrating accurate pitchfork drawing and volume analysis over angled levels. Link to the Indicator: Volume Forks Indicator The indicator does the following things A pitchfork is drawn when the price forms an ABC pattern. Pitchfork draws a series of parallel lines in the direction of trend which can be used for…

Zigzags are the basic building blocks of any pattern recognition algorithm. The reason why Trendoscope spends most of its time researching on enhancing Zigzag algorithms. Here is one of our latest attempts where adding any oscillator or custom indicator to zigzag pivots becomes an easy option to calculate divergence. Link to the Indicator: Recursive Zigzag Indicator Here is another outcome of the Object Oriented Zigzag and Pattern Ecosystem of Libraries. We already have another implementation of recursive zigzag which makes use of an…

When we talk about Trend Following, we cannot ignore supertrend. Supertrend is one of the most popular trend-following technical indicators. Generally, supertrend is derived by ATR-based stops. In this adventure, we try to derive supertrend based on harmonic patterns reversal levels. Link to the Indicator: Harmonic Pattern Based Supertrend Extending the earlier implemented concept of Harmonic-Patterns-Based-Trend-Follower, in this script, let us make it work as a supertrend so that it is easier to operate. Note: Patterns are not created on the latest pivot…

One of the innovative concepts that combine trend following and reversals. This indicator tries to define trends based on harmonic pattern price action. Link to the Indicator: Harmonic Pattern based Trend Follower Harmonic Pattern as the system is known for finding possible reversal zones and hence assists in swing trading. But, the most effective way of using harmonic patterns is in trend following. This can yield really amazing results when played with proper risk management. Here is a link to the original…

Have you ever heard of the word repainting and wondered what it is? Lets have a look and try to understand the implications of repainting better. Repainting is a phenomenon in which the indicator changes its stance when it gets new information and replaces old drawings or paints with new ones. Repainting can happen for multiple reasons. Short Answer - No. Repainting is not always bad. Long Answer - Some indicators are supposed to repaint by design. For example, the last pivot…

This is a detailed tutorial on using a fully customisable alerts feature in Trendoscope's premium Harmonic Patterns and Chart Patterns indicators. Alerts are tradingview features that can be used to send notifications based on certain conditions. Alerts are very useful to keep track of market conditions and can also be used for integrating with other applications such as brokers/exchanges or social media channels such as Telegram, Discord, Twitter etc. More details about alerts can be found in tradingview help documents In all our…

We understand that not everyone will be able to pay for premium indicators. Hence, we have made a few free ones!! Enjoy free Harmonic Patterns and Chart Patterns versions with our range of free indicators. The following algorithms can be considered as FREE counterparts for Harmonic Patterns-related concepts. Auto Harmonic Patterns Extreme indicator is the most advanced free tool available for identifying harmonic patterns in the market. Developed by our team of expert traders and programmers, this indicator uses sophisticated algorithms to…

Unlock the power of Trendoscope's premium Harmonic Patterns and Chart Patterns indicators to identify market trends and take your technical analysis to the next level. Following are our list of premium Harmonic Patterns and Chart Patterns Indicators that are part of Premium Trendoscope Indicators Bundle (Click them to see the published version of the algorithms on tradingview.com): Requesting Trial Access To request trial access, please go to the main website - Trial Request Form Or go to https://www.trendoscope.io and select Trial from…

Welcome to TradingView - The Premier Social Network for Traders and Investors. Few tips and tricks for new users navigating through the platform and how to make use of Technical Indicators and Strategies developed by Trendoscope in the platform Tradingview is a charting social platform that enables users to publish their ideas, build algorithms based on technicals, and provide much other information about different instruments which can be traded. All our work is only available on the Tradingview platform. Hence, in order…