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, oscillating between +10 & -10 with Zero being the midpoint.

Chandes Trendscore

Technical Analysis and Generating Signals

Buy Signal

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

A value of +10 indicates a strong trending up-wards market

Buy Signal

Sell Signal

A value of below Zero demonstrates a downwards trend of varying strength

A value of -10 indicates a strong trending downward market

Sell Signal