Chandes Trendscore Analysis & Chandes Trendscore Trading Signals

Developed by Tushar Chandes

This indicator attempts to make a quantitative & qualitative determination of the direction & 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 & -10 with Zero being the midpoint.

Chande's Trendscore

Trading Analysis & Generating Signals

Buy Trade Signal

A value of above Zero indicate an up-ward trend of varying strength

A value of +10 demonstrates a strong trending upwards market

Buy Signal

Sell Signal

A value of below Zero demonstrates a downward trend of varying strength

A value of -10 demonstrates a strong trending downward market

Sell Trade Signal