Chande Trendscore Technical Analysis & Chandes Trendscore MT5 Indicator
Created by Tushar Chande
This MT5 indicator attempts to make a quantitative and qualitative determination of the direction and strength of a market trend by comparing the current close price to prior closing prices over the last 20 periods.
Chandes Trendscore is an oscillator technical indicator, oscillating between +10 & -10 with Zero being the mid-point.
Chandes Trendscore
Technical Analysis and Generating Signals
Buy Trade Signal
A value of above Zero signify and show an upward trend of varying strength
A value of +10 indicates a strong trending upwards market
Buy Trading Signal
Sell Trade Signal
A value of below Zero demonstrates a downwards trend of varying strength
A value of -10 indicates a strong trending downward market
Sell Trading Signal
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