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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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