Chandes Trend Score settings

Alerts

  • When the CTA crosses it’s EMA
  • When the CTA reaches 1 or -1

Signals

Strong LongWhen the CTA is above zero and above it’s moving average
Weak LongWhen the CTA is above zero but below it’s moving average
NoneWhen the CTA is zero or equal to it’s moving average
Weak ShortWhen the CTA is below zero but above it’s moving average
Strong ShortWhen the CTA is below zero and below it’s moving average

Settings

LookbackThe start of the first bars to evaluate
Lookback LengthThe number of bars to evaluate
Lines & PlotsThe style of the different lines and plots of the indicator

The background of the indicator is automatically colored red if the CTS crosses it’s average downwards from above, and green if the CTS crosses it’s average upwards from below.

It is considered that an uptrend is developing if the indicator reaches 1, and a downtrend if the indicator reaches -1.