Chandes Trendscore Oil Technical Analysis & Chandes Trendscore Crude Oil 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 crude oil 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.
Chandes Trendscore
Oil Technical Analysis and Generating Crude Oil Trading Signals
Buy Oil 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 Oil Trading Signal
Sell Oil 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 Oil Trading Signal