Trend Score Measures Trend Direction and Strength

Summary

Trend Score, attributed to Tushar S. Chande and described in a 1993 magazine article, is presented as an indicator of both trend direction and strength. The document outlines configurable price and comparison methods, including current open versus close or past close versus current close, and options for whether a period is used. It also identifies overbought and oversold levels as inputs.

The material explains the indicator only at a high level and refers to figures comparing the period settings. It provides no formula, parameter values, chart evidence, performance results, or trading rules for interpreting signals. Traders can learn what the indicator is intended to represent and which settings are exposed, but would need the original article or a fuller implementation to evaluate its calculation, behavior, and usefulness across markets.

Key ideas

• Trend Score is described as showing both trend direction and trend strength.
• The price comparison can use current open and close or compare consecutive closing prices.
• The calculation can include or omit a selected period.
• Overbought and oversold thresholds are configurable inputs.
• The document gives no formula or evidence about trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.