Chandes Trendscore Crude Oil Analysis and Chandes Trendscore Trading Signals

Developed by Tushar Chande

This trading indicator attempts to make a quantitative & qualitative determination of the direction & strength of a market oil trend by comparing the current close crude oil price to previous closing oil prices over the last 20 periods.

Chandes Trendscore is an oscillator, oscillating between +10 & -10 with Zero being the mid point.

Chandes Trendscore

Crude Oil Technical Analysis & How to Generate Trading Signals

Buy Trading Signal

A value of above Zero show an upward oil trend of varying strength

A value of +10 indicates a strong trending upward market

Buy Trading Signal

Sell Trading Signal

A value of below Zero indicates a downwards oil trend of varying strength

A value of -10 indicates a strong trending downward market

Sell Trading Signal