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It isn't clear to me what is going on here,
even after looking at the info at this link:
http://www.amibroker.com/newsletter/04-2000.html
^NDX, for example, consists of AAPL, ADBE, ALTR, ... YHOO.
^NDX is made up of 100 Nasdaq stocks in all.
If AmiBroker isn't using these stocks to calculate
TRIN then what is it using ?
I can follow the instructions, and I can get a so called
TRIN indicator to be displayed, but I'm unclear as to
what I have ended up with (even after reading all the
instructions and posts).
Seems like I need to do a, simple, brute force
calculation of TRIN in AFL by explictly accessing all
of the 100 symbols by myself.
Steve
--- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <amibroker@xxxx>
wrote:
> Hello,
>
> Read my answer below please.
>
> ----- Original Message -----
> From: "edwards_ca1" <edwards_ca1@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Tuesday, August 03, 2004 3:09 AM
> Subject: [amibroker] AmiBroker, ^NDX, and TRIN
>
>
> > Is there something in AmiBroker that tells it that
> > ^NDX consists of 100 Nasdaq stocks ?
> >
> > Does AmiBroker know specifically which 100 stocks
> > belong to ^NDX ?
> >
> > I am wondering, because, otherwise how would AmiBroker know
> > how to calculate Trin for Nasdaq stocks by using:
> >
> > TrinIndex =
> > ( AdvIssues() / DecIssues() ) / ( AdvVolume() / DecVolume() );
> >
> >
> > Is it true that, for example, AdvIssues()
> > is calculated based on a group of stocks,
> > which is based on a particular Index,
> > which is based on the market for the stock being viewed ?
> >
>
> Those functions are based on MARKET (symbols that belong to MARKET,
> not to the index) as explained here:
> http://www.amibroker.com/newsletter/04-2000.html
>
> Please note that this function is intended to be used for
relatively small, local databases.
> When you are using any plugin I suggest using AddToComposite
instead.
>
> Best regards,
> Tomasz Janeczko
> amibroker.com
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