Chandes Trendscore Oil Technical Analysis & Chandes Trendscore Crude Trading Signals

Developed by Tushar Chande

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

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

Chande's Trendscore

Oil Technical Analysis and Generating Crude Trading Signals

Buy Trading Signal

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

A value of +10 indicates a strong trending upward market

Buy Crude 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 Crude Trading Signal