I have seen some oscilloscopes with this option (go-no go function), but I don't know what it is.
I couldn't find anything about it in my searches.
What is it?
Capture a signal from a known working system, and [the oscilloscope] will draw a mask around it with your specified tolerance. Connect the system under test, and [the oscilloscope] will highlight any parts of the waveform that fall outside the mask area.
This can be used to check for intermittent problems.
From Agilent
Some scopes have a pass/fail output that can be used in automated testing.