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Re: [Metastockusers] Chande Trend Index



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Hi Kevin, This is what I have as a Chande Trend Score.

{Taken from Stock Central. If indicates 10, the stock
is in an up-trend and will stay for as long the
indicator is in 10.}

ChandeTrend:=If(C>=Ref(C,-11),1,-1)+If(C>=Ref(C,-12),1,-1)+If(C>=Ref(C,-13),1,-1)+If(C>=Ref(C,-14),1,-1)+If(C>=Ref(C,-15),1,-1)+If(C>=Ref(C,-16),1,-1)+If(C>=Ref(C,-17),1,-1
)+If(C>=Ref(C,-18),1,-1)+If(C>=Ref(C,-19),1,-1)+If(C>=Ref(C,-20),1,-1);
ChandeTrend

I hope it what your are looking.

Cheers,

Carlos.
=

--- Kevin <kevin_barry@xxxxxxxxxxxxxx> wrote:
> Hello,
> 
> I have been reading Tushar Chande's second book in
> which he describes a 
> trend identifying indicator called the CTI that
> looks quite interesting.
> 
> Has anybody had a go at creating this formula in
> Metastock? I've tried but 
> it is quite complicated and proving to be a little
> beyond my limited expertise.
> 
> The only reference that I can find to it on the Web
> is at:
> 
>
http://www.technical-newsletter.de/docs/chande_0402.html
> 
> The article is in German but non-German speakers can
> get a translation by 
> going to the page via Google after searching for
> "Chande Trend Index".
> 
> Regards,
> Kevin
> 
> 


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