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To: Travis W. Clark who wrote (12967)1/3/2006 11:03:35 AM
From: Les H  Read Replies (1) | Respond to of 29596
 
AIQ software calculates the Trend Score from the values of the MACD, Directional Movement Index, Positive Volume, Volume Accumulation, ADX/ADXR, and On-Balance Volume indicators. The calculation is a black box so there's no disclosure on its formula. I think its results can be modified if you change the parameters to the technical indicators from which it's derived (MACD, DMI, ...).

There's a different technical indicator called Chande's Trend Score which is supposed to provide the same analysis of trend strength.