BeST Chande TrendScore Indicator MT5

Indicators
Eleni Koulocheri
Version: 1.10
Updated: 4 May 2019
Activations: 10

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 & Commodities: “Rating Trend Strength”.

TrendScore Indicator can be traded in many ways. The approach we choose depends on our trading style:

You can use the zero crossing as an early signal and then buy when the trendscore becomes positive or equal to +10 and sell when it becomes negative or equal to –10.
Also as a filter you can wait one to three bars after the TrendScore reaches +10 or -10 before buying (+ 10) or selling (-10).
Or you can combine the trendscore with a moving average, trading an upward or downward crossover.
Another variation would be to go long after the trendscore crosses from -10 to above +5 and go short after the trendscore falls from +10 to below 5.

You could also combine TrendScore with other indicators of trend strength. For example, if you combine it with the ADX indicator Trendscore would provide an indication of direction, while the ADX can provide additional information about the trend's strength. You could also for example use H1 data to calculate a trend's score and make trades based on a lower timeframe like M15,M5 or M1 etc.

Inputs

The only Input parameters of the indicator are the following:

Select Color of TrendScore Indicator
Select Width of TrendScore Indicator

For EA Developers

TrendScore Buffer = 1

more...

To get access to MT4 version please click here . - This is the exact conversion from TradingView: "Stochastic Momentum Index" By "UCSgears". - This is a popular version of stochastic oscillator on tradingview. - This is a light-load processing and non-repaint indicator. - Buffers are available for the lines on chart. - You can message in private chat for further changes you need. Thanks for downloading

40 USD

The best time to trade Using this Indicator is when the time reach exactly hour,half,45 minutes,15 minutes and sometimes 5 minutes.. This indicators is helpful to those who trade boom and crash indecies.How to read this indicator first you'll see Blue allow and Red allow all these allows used to indicate or to detect the spike which will happen so the allow happens soon before the spike happen.This indicator works properly only in boom and crash trading thing which you have to consider when

40 USD

Noize Absorption Index - is the manual trading system that measures the difference of pressure between bears forces and bulls forces. Green line - is a noize free index that showing curent situation. Zero value of index shows totally choppy/flat market.Values above zero level shows how powerfull bullish wave is and values below zero measures bearish forces.Up arrow appears on bearish market when it's ready to reverse, dn arrow appears on weak bullish market, as a result of reverse expectation.

199 USD

Improved version of the free HMA Trend indicator (for MetaTrader 4) with statistical analysis. HMA Trend is a trend indicator based on the Hull Moving Average (HMA) with two periods. HMA with a slow period identifies the trend, while HMA with a fast period determines the short-term movements and signals in the trend direction. The main differences from the free version: Ability to predict the probability of a trend reversal using analysis of history data. Plotting statistical charts for analyz

30 USD

Volality Index scalper indicator Meant for Volality pairs such as Volality 10, 25, 50, 75 and 100 The indicator works on all timeframes from the 1 minute to the monthly timeframe the indicator is non repaint the indicator has 3 entry settings 1 color change on zero cross 2 color change on slope change 3 color change on signal line cross Orange line is your sell signal Blue line is your buy signal.