Chandes Trendscore Analysis and Chandes Trendscore Signals

Created and Developed by Tushar Chandes

This indicator attempts to make a quantifiable and qualitative assessment of the direction & strength of a market trend by comparing the current closing price to the 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

XAU USD Analysis and How to Generate Trading Signals

Buy Signal

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

A value of +10 shows a strong trending upward market

Buy Signal

Sell XAU/USD Signal

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

A value of -10 shows a strong trending downwards market

Sell Signal

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