Chande Trendscore Forex Trading Technical Analysis & Chandes Trendscore 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.
Chande Trendscore is an oscillator, oscillating between +10 and -10 with Zero being the mid point.
Chandes Trendscore
Forex Trading Technical Analysis & How to Generate Signals
Buy Trading Signal
A value of above Zero show an upwards trend of varying strength
A value of +10 indicates a strong trending upwards market
Chande Trend Score Indicator Buy Signal
Sell Signal
A value of below Zero indicates a downwards trend of varying strength
A value of -10 indicates a strong trending downward market
Chandes Trend Score Indicator Sell Signal