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Published:

2018.11.20 12:43

Trend_Score.mq5 (10.31 KB) view

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Trend Score indicator by Tushar S. Chande was described in the article "Rating Trend Strength" in S&C magazine (September 1993).

It displays both the power and direction of a trend.

There are five inputs:

Price method - applied prices

Open/Close - current Open and Close
Close/Close - past and current Close

Period method - use the range in calculation

Use period
Do not use period

Overbought - overbought level
Oversold - oversold level

Fig. 1. Period method = Use period

Fig. 2. Period method = Do not use period

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23129

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