Chande Trendscore Technical Analysis and Chandes Trendscore Signals
Created by Tushar Chande
This indicator attempts to make a quantitative & qualitative determination of the direction and strength of a market trend by comparing the prevailing close price to previous closing prices over the last 20 price periods.
Chandes Trendscore is an oscillator, oscillating between +10 and -10 with Zero being the mid point.
Chandes Trendscore
Technical Analysis and Generating Signals
Buy Signal
A value of above Zero signify and show an upward trend of varying strength
A value of +10 shows a strong trending upwards market
Buy Signal
Sell Signal
A value of below Zero indicates a downwards trend of varying strength
A value of -10 shows a strong trending downwards market
Sell Signal
