Chande Trendscore Analysis & Chandes Trendscore Trade Signals
Developed by Tushar Chande
This gold indicator seeks and attempts to make a quantitative/quantifiable and qualitative determination and assessment of the direction and the power of a market trend by comparing the current close gold trading price to prior closing prices over the last 20 periods.
Chandes Trendscore is an oscillator indicator, oscillating between +10 & -10 with Zero being the mid-point.
Chande Trendscore
XAU/USD Analysis & How to Generate Trading Signals
Buy Trade Signal
A value of above Zero show an upward gold trend of varying power
A value of +10 shows a strong trending upwards market
Buy Trade Signal
Sell Trading Signal
A value of below Zero shows a downward gold trend of varying power
A value of -10 indicates a strong trending downward market
Sell Signal
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