The Trend Score(TS) is a simple indicator that attempts to show when price is trending by looking at up and down days. The trend is equal to "1" when the price is greater than or equal to the previous price, and as a "-1" when the price is less than the previous price.
The Trend Score is the moving summation of those ones and negative ones over the past n periods.
Calculation:
If Close>=PrevClose then m=+1
If Close<PrevClose then m=-1
PrevClose = The previous price value
m = Daily change indicator
Inputs:
Period = 10
Indicates time period(the number of days for daily analysis, the number of weeks for weekly analysis, etc.).
Indicator Type: Trend
See Also