Trendoscope® Knowledge Base

Premium pattern recognition algorithm designed to scan and collect information of diverging chart pattern formations for given symbol and timeframe. Link to the indicator: Diverging Chart Patterns Ultimate Building on the success of our Converging Chart Patterns Ultimate indicator, this tool is a specialized extension of our premium Auto Chart Patterns - Ultimate product, tailored exclusively for identifying and analyzing diverging patterns. Our commitment to creating this indicator is rooted in extensive research and the insights gained from our previous work on…

Converging Chart Patterns is an algorithm based indicator that scans for converging patterns such as converging triangles, wedges and tracks the trade based on user defined settings of entry, stop and targets. Link to the indicator: Converging Chart Patterns Ultimate Introducing the Converging Chart Patterns Ultimate Indicator Derived from the comprehensive capabilities of our premium offering, the Auto Chart Patterns - Ultimate, this new indicator focuses exclusively on converging chart patterns. It marks the beginning of a series that, over time, will…

After exploring Algorithmic Identification and Classification of Chart Patterns and developing Auto Chart Patterns Indicator, we now delve into extensions of these patterns, focusing on Flag and Pennant Chart Patterns. These patterns evolve from basic trend line pair-based structures, often influenced by preceding market impulses. Link to the indicator: Flag and Pennant Chart Patterns Before identifying the flag and pennant patterns, we first need to identify the existence of following base trend line pair based converging or parallel patterns. The key to…

Our Auto Chart Patterns indicator stands as the epitome of advanced chart pattern recognition technology. Building upon our recent publication on algorithmic identification and classification of chart patterns, this tool embodies our innovative approach, automating the intricate process of pattern recognition for traders. Link to the Indicator: Auto Chart Patterns The bulk of the logic is implemented as part of the library - chartpatterns. The indicator is a shell that captures the user inputs and makes use of the library to deliver the…

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…