OPEN-SOURCE SCRIPT
TrendScope

TrendScope is a custom-built, multi-factor trading tool designed to identify high-probability market entries and exits using a combination of trend structure, volume dynamics, and momentum behavior. Unlike traditional oscillators, it does not rely on bounded cyclical formulas but instead analyzes real-time price-volume relationships and trend integrity.
🔍 Key Features
EMA Confluence Analysis: Detects trend strength and alignment across EMAs from 5 to 800 periods.
Volume Spike Detection: Flags significant increases in trading volume following periods of stagnation—useful for breakout confirmation.
Order Flow Momentum: Measures buying vs. selling pressure based on volume-weighted price action, signaling directional conviction.
Reversal Alerts: Identifies divergences between price and momentum (e.g., volume-based net flow), warning of potential trend shifts.
Clean Visual Markers: BUY/SELL labels, directional volume spikes, and a trend strength table for clarity in execution.
⏱️ Best Used On
Timeframes: 4H, 8H, 12H, 1D (Daily)
Style: Swing trading, trend trading, and momentum-based entries
Markets: Crypto, Forex, Commodities, and Indices (works well on liquid assets with healthy volume)
This indicator is especially useful for traders who want directional confirmation during trending conditions and a visual edge for spotting volume-driven breakouts or early-stage reversals.
I made this for my own benefit since I didn't really find any non-paid options out there that work in a similar fashion and I wanted to keep it simple and was inspired by Delorean Trading Indicators.
Disclaimer: Just wanna throw this out there...please never use this as a standalone indicator and combine it with your own analysis to detect market behaviour and structure! Don't rely on any indicators to form your own pov of probable market moves. You have been warned.
🔍 Key Features
EMA Confluence Analysis: Detects trend strength and alignment across EMAs from 5 to 800 periods.
Volume Spike Detection: Flags significant increases in trading volume following periods of stagnation—useful for breakout confirmation.
Order Flow Momentum: Measures buying vs. selling pressure based on volume-weighted price action, signaling directional conviction.
Reversal Alerts: Identifies divergences between price and momentum (e.g., volume-based net flow), warning of potential trend shifts.
Clean Visual Markers: BUY/SELL labels, directional volume spikes, and a trend strength table for clarity in execution.
⏱️ Best Used On
Timeframes: 4H, 8H, 12H, 1D (Daily)
Style: Swing trading, trend trading, and momentum-based entries
Markets: Crypto, Forex, Commodities, and Indices (works well on liquid assets with healthy volume)
This indicator is especially useful for traders who want directional confirmation during trending conditions and a visual edge for spotting volume-driven breakouts or early-stage reversals.
I made this for my own benefit since I didn't really find any non-paid options out there that work in a similar fashion and I wanted to keep it simple and was inspired by Delorean Trading Indicators.
Disclaimer: Just wanna throw this out there...please never use this as a standalone indicator and combine it with your own analysis to detect market behaviour and structure! Don't rely on any indicators to form your own pov of probable market moves. You have been warned.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.