Chandes Trendscore Analysis & Chandes Trendscore Signals

Created by Tushar Chandes

This indicator attempts to make a quantitative and 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 and -10 with Zero being the mid point.

Chandes Trendscore

XAUUSD Analysis and How to Generate Signals

Buy Signal

A value of above Zero indicate an upwards trend of varying strength

A value of +10 shows a strong trending upward market

Buy Signal

Sell XAUUSD Signal

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

A value of -10 shows a strong trending downwards market

Sell Signal