Technical Evaluation of the Chandes Trendscore and Resulting Chandes Trendscore Signals
Developed and Created by Tushar Chande
This indicator evaluates market trends both quantitatively and qualitatively. By comparing current closing prices with those of the last 20 periods, it assesses direction and strength within the trend.
The Chandes Trendscore is classified as an oscillator-type technical indicator, fluctuating within a range of +10 to -10, with zero serving as the central reference point.
Chande Trendscore
FX Technical Analysis & Generating Signals
Buy Trading Signal
A value of above Zero signify and show an upwards trend of varying momentum
A value of +10 reflects a strong trending upwards market
Buy Trading Signal
Sell Signal
A value of below Zero demonstrates a downwards trend of varying force
A value of -10 indicates a strong trending downwards market
Sell Signal
More Topics and Lessons:
- What is NZDSGD Pip Value?
- How to find the SWI 20 index in MetaTrader 5.
- What is the Way to Use the MT5 Keltner Bands Trading Indicator on the MT5 Software?
- Coppock Curve Settings in MT4 Trading
- Most Effective GER30 Index Trading Strategy
- How to Use MT4 Choppiness Index on MetaTrader 4 Platform
- Set Moving Average Indicator on MetaTrader 5 Charts
- Instructions for Adding US 100 to the MT4 Mobile Application.
- Calculating Leverage and Margin Breakdown
- Changing the Bollinger Bandwidth indicator settings on MT4 for trading.
