Chandes Trendscore Technical Analysis and the Signals It Yields
Conceived and Engineered by Tushar Chande
This tool works to measure the trend's direction and speed. It compares the latest close price with closes from the past 20 periods. The result gives both number-based and descriptive insights.
Chande Trendscore operates as an oscillator technical indicator, fluctuating between the values of +10 and -10, with Zero serving as the central point.
Chande Trendscore
Technical Analysis and Generating Signals
Buy Signal
A value of above Zero signify & show an upward trend of varying momentum
+10 Value Indicates a Strong Uptrend
Buy Signal
Sell Trade Signal
A value of below Zero indicates a downwards trend of varying strength
A -10 value signals a strong downtrend
Sell Trade Signal
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