Analysis of Chande Trendscore & Chande's Trendscore Trading Signals
Developed by Tushar Chande
This gold indicator seeks and attempts to make a quantitative/quantifiable and qualitative determination and assessment of the direction and the power of a market trend by comparing the present close gold trading price to prior closing prices over the last 20 periods.
Chandes Trendscore operates as an oscillator, fluctuating between the values of +10 and -10, with Zero representing the midpoint.
Chande Trendscore
XAU/USD Analysis & How to Generate Trading Signals
Buy Trade Signal
A value of above Zero show an upward gold trend of varying power
+10 Value Indicates a Strong Uptrend
Buy Trade Signal
Sell Trading Signal
A value of below Zero shows a downward gold trend of varying power
A value of -10 indicates a strong trending downward market
Sell Signal
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