Forex Chande Trendscore EA Setup - Setting Up Chande Trendscore Expert Advisor

Forex Chande Trendscore EA Setup - Setting Up Chande Trendscore EA - A trader can come up with an Chande Trendscore EA based on the Chande Trendscore indicator explained below.

Forex Chande Trendscore EA rules can be combined with other Forex technical indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Chande Trendscore Forex Trading Technical Analysis & Chande 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 Chande Trendscore EA Setup

Forex Analysis and Generating 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

Buy Signal - Forex Chande Trendscore EA Setup

Sell Signal

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

A value of -10 indicates a strong trending downward market

Sell Signal - Forex Chande Trendscore EA Setup