Application of the Chandes Trendscore Indicator for Bitcoin Analysis and Generating Trading Signals
Developed by Tushar Chande
This BTCUSD cryptocurrency indicator endeavors to conduct a quantitative and qualitative evaluation of market direction and the momentum of a bitcoin trend by juxtaposing the current closing bitcoin price against prior closing prices over the preceding 20 time periods.
The Chande Trendscore is an oscillator indicator that fluctuates between +10 and -10, with zero being the midpoint.
Chande Trendscore
BTCUSD CryptoCurrency Analysis & How to Generate Signals
Buy Signal
A value of above Zero indicate an upwards bitcoin trend of varying power
+10 Value Indicates a Strong Uptrend
Buy Signal
Sell Signal
A value of below Zero shows a downward bitcoin trend of varying power
A figure of -10 shows the market is strongly trending downward.
Sell Trading Signal
Additional Courses and Guides:
- Linear Regression Acceleration BTC USD Trade MT4 Indicator
- Using Stochastic Tool with BTCUSD for Best Results
- How Do You Trade BTC USD & Set SL BTC/USD Order on MT5 Platform?
- Trade BTC USD Price RSI Strategy
- How to Get a Learn BTCUSD for Beginner Traders Learn Training Course Tutorial
- How Do You Place Accelerator Oscillator on BTC USD Chart in MT4 Platform Software?
- Step by Step Guide for Opening Real Opening Account Procedure
- Learn MT4 Bitcoin Charts & MT4 BTCUSD Chart Analysis for Beginner Traders
- What Happens in BTC USD Trade after a Hammer Candles?
- How to Analyze a New BTC USD Order on MT4 iPad App
