Forex Chande Trendscore Expert Advisor Setup - Setting Up Chande Trendscore Expert Advisor

Forex Chande Trendscore Expert Advisor Setup - Setting Up Chande Trendscore Expert Advisor - A Forex trader can come up with an Chande Trendscore Expert Advisor based on the Chande Trendscore indicator explained below.

Forex Chande Trendscore Expert Advisor rules can be combined with other Forex trading indicators to come up with other EA Forex Robots that trade using rules based on two or more indicators combined to form a forex trading system.

Chande Trendscore Technical Analysis and Chande Trendscore Forex Trading 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.

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

Chandes Trendscore - Forex Chande Trendscore Expert Advisor Setup

Technical Analysis and Generating Signals

Buy Signal

A value of above Zero indicate an upward trend of varying strength

A value of +10 indicates a strong trending upward market

Buy Signal - Forex Chande Trendscore Expert Advisor Setup

Sell Signal

A value of below Zero indicates a downward trend of varying strength

A value of -10 indicates a strong trending downward market

Sell Signal - Forex Chande Trendscore Expert Advisor Setup