CHANCE is a software tool that analyzes ChIP-seq data and estimates the confidence and strength of immunoprecipitation. It uses signal extraction scaling to decompose peaks into those pulled by the antibody versus background. It also estimates the percentage of enriched data and a normalization factor. CHANCE provides graphics to show results, allows cross-validation with other data, and identifies failed experiments. It has a graphic interface and is easy to install but is only available for certain genomes and requires MATLAB.