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