Click here to Login








Chande's TrendScore

by The trader, 3635 days ago
Share |






In September 1993 edition of the 'Stock & Commodities' magazine, Tushar Chande introduced the Chande's Trendscore indicator. This indicator main role is to determine the direction and strength of the market trend. To do so, it compares the close price to previous close prices over a period of 20 bars. The result is an indicator that moves between an extreme high reading of +10 to an extreme low reading of -10.

A Chande's Trendscore value of +10 indicates that a strong uptrend is starting, while a Chande's Trendscore value of -10 indicates that a strong downtrend is starting. Between these extreme values, a Chande's Trendscore value above zero is bullish (the strength varies with the value, the higher the value the stronger the bullish trend), a Chande's Trendscore value below zero is bearish (the strength also varies with the value, the lower the value the stronger the bearish trend)

The Chande's Trendscore function name is 'chande_trendscore'. It has no parameters and it can be plotted on a chart using the following QuantShare formula:
Plot(chande_trendscore(), 'Chande Trendscore', colorRed|36|colorRed|255|0, chartLine, styleOwnScale);

Another Tushar Chande Indicator:
Chande's Range Action Verification Index - RAVI


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 317


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Transaction Costs

How scripts communicate with each other

How to simulate options strategies

Organizing Trading Objects

Creating a download item: Initial Jobless Claims

How to search for a download item

Trading orders - Part 2

Trading Orders - Part 1

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2019 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.