Chandes Trendscore Technical Analysis & Chandes Trendscore Signals
Developed by Tushar Chande
This 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 previous closing prices over the last 20 periods.
Chande Trendscore is an oscillator, oscillating between +10 and -10 with Zero being the midpoint.
Chande Trendscore
Forex Technical Analysis and Generating Signals
Buy Signal
A value of above Zero signify and show an upward trend of varying momentum
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 momentum
A value of -10 indicates a strong trending downward market
Sell Signal
