Chande Trendscore Gold Trading Analysis and Chandes Trendscore Gold Trading Signals
Developed by Tushar Chande
This indicator attempts to make a quantitative and qualitative determination of the direction and strength of a market gold trend by comparing the current close xauusd price to previous closing gold prices over the last 20 periods.
Chandes Trendscore is an oscillator, oscillating between +10 and -10 with Zero being the midpoint.
XAUUSD Trading Analysis and Generating XAUUSD Trading Signals
Buy XAUUSD Signal
A value of above Zero indicate an upward gold trend of varying strength
A value of +10 indicates a strong trending upward market
Buy Gold Trading Signal
Sell XAUUSD Signal
A value of below Zero indicates a downward gold trend of varying strength
A value of -10 indicates a strong trending downward market
Sell Gold Trading Signal