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