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Category: Oscillator
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Sales and Support: 022 - 4091 8900
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Study Name -
Trend Score
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Description
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It is a very simple study which attempts to show price trend by giving score to positive and negative price changes
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It adds 1 to existing Trend score day price close > Pvs close and subtracts 1 from existing trend score day price close < Pvs close
- Indicator oscillates above and below zero level
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Interpretation
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Trend score crossing zero level in the upward direction is buy signal
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Trend score crossing zero level in the downward direction is sell signal
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Default Parameters Used/Inputs
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Returns/Output
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Trend Score values of stock for the specified period
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Formula
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Trend Score = ∑n trend
where , If Price 0 > Price -1
then, trend = 1 else trend = -1
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Address: 404, Morya Classic,
Off New Link Road ,Oshiwara
,
Andheri (W),Mumbai - 400053
Sales and Support: 022 - 4091 8900
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Reliable.co.in
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