Chande Trendscore Analysis & Chandes Trendscore Signals
Developed by Tushar Chandes
This indicator attempts to make a quantitative and qualitative determination of the direction and strength of a market trend by comparing the current close price to previous closing prices over the last 20 periods.
Chandes Trendscore is an oscillator, oscillating between +10 and -10 with Zero being the mid point.
Chandes Trendscore
Trading Analysis and How to Generate Signals
Buy Signal
A value of above Zero show an upwards trend of varying strength
A value of +10 shows a strong trending upwards market
Chande Trend Score Indicator Buy Signal
Sell Signal
A value of below Zero shows a downward trend of varying strength
A value of -10 indicates a strong trending downward market
Chandes Trend Score Indicator Sell Signal
What is a Trading Plan? - Writing a Plan Example Template
Alternatives: EA Automated Robots or Copier Trading Signals
