Free and Popular Indicators ⁽⁴³⁾

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…

The indicator automatically draws pitchfork formations on a recursive zigzag. This algorithm is developed using the latest features of Pinescript of using methods and types. The script has the option to select different categories of pitchforks to be drawn. Popular types include Andrew's pitchfork, Schiff and Modified Schiff pitchforks. These can be further drawn as either regular or inside pitchforks. Link to the Indicator: Recursive Auto Pitchfork Indicator Say Hi to object-oriented programming with Pinescript using types and methods. This is the…

At Trendoscope, we specialise in designing and developing pattern recognition algorithms for technical trading. Our proprietary tools and algorithms provide traders and investors with the most accurate and reliable data possible, helping them make better decisions and achieve greater success in the markets. Link to the Indicator: Auto Trend Lines Indicator I started off with the intention of creating a script to identify Wolfe wave projection. But, soon ran into a problem with loops. Realized drawing a wedge is more difficult than…

Most sophisticated Chart Pattern Indicator you will ever find in the open source library of Tradingview. This indicator uses an advanced multi-zigzag algorithm to spot 5 or 6 pivot chart patterns. This is an earlier version of the Chart Patterns (Deep Search) Indicator Link to the Indicator: Multi Zigzag Wedge and Flag Finder Tradingview standard wedge checks for only 4 pivots. In this version, I have considered 5 pivots instead - which can help reduce noise as 4 pivots forming a wedge…

The Wolfe wave indicator is a very popular chart pattern used in options trading. The indicator spots the Wolfe formations and also suggests the rules of the Wolfe wave trading system. More details on the Wolfe Wave pattern is available on the tradingview page linked below. Link to the Indicator: Advanced Wolfe Wave Indicator Before getting into the script, I would like to explain a bit of the history of this project. Wolfe Pattern was in the back of my mind for…

This algorithm tries to capture chart pattern by drawing trend line pairs for lower and higher pivots. The algorithm is so powerful that it can capture many well-known pattern such as converging and diverging triangles, rising and falling wedges, flags, trend and range channels etc. Link to the Indicator: Chart Pattern (Deep Search) After getting a good response on Wedge-and-Flag-Finder-Multi-zigzag, I thought I will build a little bit further into the script. Please note: The indicator has simple output where it only…

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…

Similar to Manual Harmonic Patterns but instead of notifying patterns on XABCD pivots, this indicator requests users to select the first 4 pivots XABC and then projects the 5th pivot areas for possible harmonic patterns. Link to the Indicator: Manual Harmonic Projection with Interactive Inputs This is another script involving interactive inputs. This is similar to Manual-Harmonic-Patterns-With-interactive-inputs. But, instead of taking XABCD and verifying if it confirms to any pattern, here we only take XABC and project all PRZs. For example, upon…

A very good tool for those who are learning Harmonic Patterns. Makes use of Tradingview's interactive input feature which lets the user select the pivots manually and the indicator will highlight if there are any harmonic patterns in the price action. Makes use of the same libraries as our premium Harmonic Pattern indicators. Link to the Indicator: Manual or Interactive Harmonic Pattern Interactive input is a Tradingview and Pinescript feature where a programmable indicator lets the user choose the time and price…

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 scan the market and identify key patterns such as the Butterfly, Gartley, Crab, and Bat patterns. Link to the Indicator: Auto Harmonic Patterns Extreme This indicator is created as a free alternative to Auto Harmonic Patterns - UltimateX - which is one of our popular premium indicators. In…