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 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 indicators to come up with other Expert Advisor Bots that trade using rules based on two or more indicators combined to form a system.

Chande Trendscore Analysis and Chande Trendscore Signals

Created by Tushar Chandes

This indicator attempts to make a quantitative & 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 mid point.

Chandes Trendscore - FX Chande Trendscore EA Setup

Technical Analysis and Generating Signals

Buy Signal

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

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

Buy Signal - Forex Chandes Trendscore Expert Advisor Setup

Sell Signal

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

A value of -10 indicates a strong trending down-wards market

Sell Signal - Forex Chande Trendscore EA Setup