Chande Trendscore Technical Analysis & Chandes Trendscore MT5 Indicator

Developed by Tushar Chande

This MT5 indicator attempts to make a quantitative and qualitative determination of the direction and strength of a market forex trend by comparing the current close forex price to previous closing prices over the last 20 periods.

Chande Trendscore is an oscillator, oscillating between +10 & -10 with Zero being the midpoint.

Chandes Trendscore

FX Technical Analysis & Generating Signals

Buy Trading Signal

A value of above Zero signify and show an upward forex trend of varying strength

A value of +10 indicates a strong trending upwards market

Buy Forex Signal

Sell Trading Signal

A value of below Zero indicates a downwards forex trend of varying strength

A value of -10 indicates a strong trending downward market

Sell Forex Signal