Chandes Trendscore Stock Analysis & Chandes Trendscore Trading Signals
Developed by Tushar Chande
This indicator attempts to make a quantitative & qualitative determination of the direction and strength of a market trend by comparing the current close price to prior closing prices over the last 20 periods.
Chandes Trendscore is an oscillator, oscillating between +10 & -10 with Zero being the midpoint.
Chande Trendscore
Stock Analysis & How to Generate Signals
Buy Trading Signal
A value of above Zero indicate an upward trend of varying strength
A value of +10 shows a strong trending upwards market
Buy Trade Signal
Sell Trading Signal
A value of below Zero shows a downwards trend of varying strength
A value of -10 indicates a strong trending downwards market
Sell Trade Signal
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