Chande Trendscore Gold Trading Analysis & Chandes Trendscore Trading Signals

Developed by Tushar Chande

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

Chande Trendscore is an oscillator, oscillating between +10 and -10 with Zero being the midpoint.

Chande's Trendscore

Gold Analysis & How to Generate Signals

Buy Gold Signal

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

A value of +10 indicates a strong trending upwards market

Buy Trading Signal

Sell Gold Signal

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

A value of -10 indicates a strong trending downward market

Sell Trading Signal