Tuschar Chande’s Trend Score

Tuschar Chande’s Trend Score

 

This is a trend indicator conceptualized by Tuschar Chande. It is a method of rating the trend by comparing the current day’s close to the close x days ago.

If today’s close is greater than close x days ago, score = 1

If today’s close is less than the close x+1 days ago, score = -1

Tuschar Chande suggested comparing the close to the closes from 11 to 20 days ago.

Therefore,

Trendscore = 10 day sum of the scores from days 11 to 20.

The trend score for this case will oscillate between +10 to -10.

(description found on internet).

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. supertiti • 14 days ago #

    Bonsoir à tous

    For those who like me want to calibrate this indicator on a scale of 0 to 100 to join it to other indicators of the same scale :
    // ChandesTrendScore PRC //06.02.18 modifié DID
    //Nicolas @ http://www.prorealcode.com //Sharing ProRealTime knowledge

    // score = 0
    score = 50

    //for i = 11 to 20 do
    for i = a to b do
    if close>close[i] then
    score=score+1
    else
    score=score-1
    endif
    next

    CTSM = WeightedAverage[SmoothingPeriod](score)

    RETURN CTSM

    // Variables :
    //SmoothingPeriod = 5
    // a = 51
    // b = 100
    // score = 50

    //nota : le add PRT code ne fonctionne pas ?!

avatar
Register or

Likes

avatar avatar avatar
Related users ' posts
verdi55 You can find me at www.FXautomate.com Ahh. So i got it ? 4 different supertrends without th...
juanj What? This has nothing to do with the website. The site is simply a service to help people ...
Nicolas Advertising is allowed,as long as people are helping others and if provided services are abo...
styrke Hello Nicolas, Nice screener, I appreciate the way you always try to condense at maximum th...
Nicolas There's no particular reason. RSI is widely use with its default period and results seems re...
Vonasi I noticed a couple of typo errors in the code. The list of variables lines 4 to 11 should be...
Genotik Thank you for your important contribution this week which is much appreciated! Happy New Yea...
Vonasi No problem. I hope they are useful to someone. Happy and hopefully prosperous New Year to y...
DarioMazza Hi Vonasi, i have a question for you, the comand "pricetype" where did you found it in the ...
Vonasi PriceType is just a variable that I use. The value decides what type of price is used in the...
Vonasi I noticed a couple of typo errors in the code. The list of variables lines 4 to 11 should be...
Nicolas
2 months ago
Trinity Impulse
Trinity Impulse
3
Indicators
ribou bonjour Nicolas Bravo pour l'ensemble de ton oeuvre très riche en informations de qualité ...
Nicolas Cet indicateur nécessite que l'instrument possède des Volumes. Sinon il ne pourra pas se cal...
ribou ah d'accord merci beaucoup
Nicolas
4 months ago
Genotik Merci !
Rolanbay Merci beaucoup, c'est exactement ce qu'il fallait faire.
Youness Charif Bonjour Nicolas, L'indicateur s'affiche dans une fenêtre en bas et non pas sur le cours....
Nicolas Appliquer l'indicateur sur le prix à l'aide de la clé à molette située en haut à gauche de v...
Marcel
4 months ago
Marcel For those who are interested, I post trade opportunities with this indicator on Twitter. (@M...
swapping Thank you for sharing, best regards
Tellie2015 tack ska du ha för dina delningar både här o twitter
Genotik Merci de votre contribution !
Leo Hi all, I posted a new version of this indicator ( I just add arrows to spot the local maxi...
Trading_En_El_Ibex35 Muchas Gracias por compartir este interesante indicador. Un saludo
Nicolas
4 months ago
primo1 Bonjour Nicolas, sur quelle échelle de temps minimum tu utilises l indicateur je pense...
primo1 Bonjour Nicolas Pour créer la strategie comment peux tu traduire l"apparition des points....
Nicolas Exemple dans ce sujet du forum ProOrder : https://www.prorealcode.com/topic/perfect-trend-in...
bolsatrilera Hi Nicolas, I have this version of the True Balance Power ,created by eykpunter on Tradingvi...
bolsatrilera and the code : REM TRUE BALANCE OF POWER // código original de eykpunter para la plataform...
sawer36 Your indicators are amazing, thanks for your website and your contributions
juanj The last fractal will be coordinate 1 and the high/low of the candle that generates an angle...
juanj And the point of violation is the close of the candle that violates the line by generating a...
juanj For the latest version of the strategy or to follow updates and developments see the thread ...
Leito Nice aproach, have you ever try to implement it for patterns recognitions, like double top/b...
Wing Not yet but I plan to.
Leo Have a look in this Forum, I got something interesting for you... https://www.prorealcode.co...
JR1976 Hi Danibo , Is an error in the attachment Not consider screenshot cac40 . Soon I enclose...
danibo JR1976, thank you for your reply. Still I can't make the TS work with the US 550 because ...
JR1976 NOthing change ... tried with CFD US500 cash mini
Nicolas Good job, but I think there is something wrong in the description since trade direction is c...
verdi55 Running a single Renko strategy with a fixed box size is usually not a good idea, because th...
Fabrizio_T Hi, have you tested on the period 30 julay - 30 September 2015?

Top