BeST_Chande TrendScore Indicator points the start of a trend with high degree of accuracy and it is amazing for scalping on the 1min timeframe. It is also a simple way to rate trend strength. It indicates both the direction and strength of a trend and can be easily combined with various trend-following, swing and scalping
strategies.As of a trend’s
direction and strength a value of 10 signals a strong uptrend while a value of
-10 signals a strong downtrend. Generally a positive score shows an upward
trend bias while a negative score shows a downward bias. The TrendScore is
pinned to 10 during major portions of the upward moves and to –10 during major
portions of the upward moves while it is quick to change directions during
sideways periods.
TrendScore Indicator
- is great for
trend trading - is great for
swing trading - is great for
scalping - does not repaint
- works on any
timeframe - works on any
Symbol - is simple and
easy to use
TrendScore Indicator was devised
by Tushar S. Chande and he explained all about its use at his article in Stocks