PercentX Trend Follower [Trendoscope]

Script from: TradingViewLongTermTrend followingBreakoutMomentum

PercentX Trend Follower [Trendoscope] utilizes the PercentX Oscillator, combining Bollinger PercentB and Keltner Percent K, to determine dynamic trading ranges. Trades are initiated using stop orders set at a distance informed by the ATR, reducing false signals. This trend-following strategy avoids specific targets, instead letting trades run, adjusting stop-loss orders with each breakout. Visual indicators and customizable parameters enable traders to adapt to various market conditions.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings. The script itself passed our repainting audit.

2,105backtests3 markets

32robust scoreranked median 52

0.56p-valueranked median 0.24

0/76pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 0.71 (p = 0.56), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 76 backtests with more than 15 trades passes our quality gate.

Robust score

32/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

0.71

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,105 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Fetch.AI / TetherUS BINANCE:FETUSDT	2H	+1,616%	1.20	322	68%
Paramount Global NASDAQ:PARA	2H	+871%	1.67	60	52%
FLOKI / TetherUS BINANCE:FLOKIUSDT	2H	+468%	1.37	214	57%
Novavax, Inc. NASDAQ:NVAX	1D	+348%	1.34	24	97%
SunPower Corporation NASDAQ:SPWR	1H	+283%	1.29	63	78%

⚠Selected after the fact: these are the best 5 of 2,105 runs, not what to expect from this strategy.

Is PercentX Trend Follower [Trendoscope] profitable?

Not reliably, based on our tests. Across 2,105 backtests, 0 of 76 with more than 15 trades pass our quality gate. The best result is +1,616% on Fetch.AI / TetherUS (2H, 322 trades). On average, its results are statistically indistinguishable from chance (p = 0.56).

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