Trendoscope Knowledge Base
Learn everything about Trendoscope, Premium and Free Indicators, Tutorials, Settings Guide and DIY experiments
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Auto Chart Pattern - Settings Guide
Auto Chart Pattern is one of our most popular premium technical indicators. The indicator is designed to automatically spot breakout chart patterns on the chart and help users devise trading strategies on the basis. Link to the indicator: Auto Chart Pattern Ultimate Here is an attempt to gather and present stats and probabilities of different chart patterns. Here, we challenge a few traditional biases such as the rising wedge is bearish, the falling wedge is bullish etc. All the chart patterns identified…
Relative Bandwidth Filter
A simple indicator that can help traders define their trading zone based on the volatility identified by the Bandwidth of Band Based Technical Indicators such as Bollinger Band, Keltner Channel or Donchian Channel Link to the indicator: Relative Bandwidth Filter This script tries to identify the area of low and high volatility based on the comparison between Bandwidth of higher length and ATR of lower length. Relative Bandwidth = Bandwidth / ATR Bandwidth can be based on either Bollinger Band, Keltner Channel…
Band-Based Trend Filter
This technical indicator defines a trend based on popular band indicators. Instead of a reversal mindset, the indicator looks to identify breakouts as the trend Link to the indicator: Band-Based Trend Filter Contrary to the reversal mindset, we define trends when the price hits either side of the band. If the close price hits the upper band then it is considered bullish and if the close price hits the lower band, then it is considered bearish. Further, trend strength is measured in…
Trade Session Filter
Session Filter is a simple trading indicator that enables traders to define their preferred trading sessions and optimise their approach based on individual preferences. Link to the Indicator: Trade Session Filter One of the key features of Session Filter is the ability to select from four different trading sessions. These sessions are designed to be flexible, making it easy to tailor your approach to specific markets, assets, and trading styles. By selecting the sessions that are most relevant to your strategy, you…