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PureBytes Links
Trading Reference Links
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There was an effort to address these TRIN-issues in an article in
dec05 S&C magazine and coded in:
http://tinyurl.com/2fa4lk
The article itself:
http://store.traders.com/stcov236ovma.html
(just a reference, no endorsement to purchase :)
-treliff
--- In amibroker@xxxxxxxxxxxxxxx, "johnny150171" <johnny1971@xxx>
wrote:
>
> I'm puzzled by TRIN.
>
> Its calculated as
>
> [(Advancing issues/declining issues) / (advancing volume/declining
> volume)]
>
> Generally a rising TRIN is seen as bearish - i.e. the volume in
> declining issues is growing relative to that in advancing issues.
>
> The problem I have is that if the volume ratio is constant and the
> number of declining issues is rising, this will ALSO result in a
rising
> TRIN. But in this case, it would be a bullish indicator.
>
> So without looking at the two ratios that make up TRIN
individually,
> (i.e. AD ratio and AD volume ratio) TRIN is worthless.
>
> Am I missing anything here?
>
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