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Hello
i see a difference between the ARMS and the BTRIN methodology. I am
using the daily timeframe. I am attaching the screenshots using both
iqfeed and qp2. the BTRIN is very choppy. the arms is able to capture
the major turns. i get the same results with both the data sournce.
qp2 chart
http://img249.imageshack.us/my.php?image=nasdarmsbrinqp2chartms2.png
dtn chart.
http://img509.imageshack.us/my.php?
image=nasdarmsbriniqfeedchartpo1.png
http://www.sentimentrader.com/subscriber/trin_nasdaq_description.htm
seems to discuss bands using calculated mean. i am using the
bollinger bands to define the extremes bands. is there a different
way of demonstrating the bands.
the formula for arms is below
Plot(Close,"nasdaq",colorOrange,styleLine);
ForeignSYMBOL = Foreign("NASTRIN.Z","Close");
Plot(MA(ForeignSYMBOL,10),"Nasdaq Trin",
colorPink,styleLine|styleOwnScale);
//Plot(StDev( Close, 10),"STD Dev",colorBlue,styleLine|styleOwnScale);
_SECTION_BEGIN("Bollinger Bands");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 100, 1 );
Width = Param("Width", 2, 0, 10, 0.05 );
Color = ParamColor("Color", colorCycle );
Style = ParamStyle("Style");
Plot( BBandTop( P, Periods, Width ), "BBTop" + _PARAM_VALUES(),
Color, Style );
Plot( BBandBot( P, Periods, Width ), "BBBot" + _PARAM_VALUES(),
Color, Style );
_SECTION_END();
the formula for btrin is
function BrinTransform( x )
{
return ( 1 - x )/Max( 1, x );
}
// data-source dependent symbols
dnvol= Foreign("!NQ-DV", "C");
upvol= Foreign("!NQ-AV", "C");
advn = Foreign("!NQ-D", "C" );
decl = Foreign("!NQ-A", "C");
Trinx = (dnvol/ upvol ) * ( advn / decl );
BRINx = BrinTransform( Trinx );
ILine = BrinTransform( (advn/decl)^2 );
VLine = BrinTransform( (dnvol/upvol)^2 );
//Plot( Trinx, "Trinx", colorRed );
Plot( BRINX, "BRIN", colorBlack );
Plot( ILine , "ILine", colorBlue );
Plot( VLine , "VLine", colorViolet );
--- In amibroker@xxxxxxxxxxxxxxx, "treliff" <treliff@xxx> wrote:
>
> Have fun, it's a bit tough but worthy read. Feel free to ask if
> necessary.
>
> -treliff
>
> --- In amibroker@xxxxxxxxxxxxxxx, "murthysuresh" <money@> wrote:
> >
> > thanks for athe article. its going to be 1 interesting sunday
> reading
> > it.
> >
> > seede
> > --- In amibroker@xxxxxxxxxxxxxxx, "treliff" <treliff@> wrote:
> > >
> > > Some advice: be very careful, you cannot simply take a moving
> > average
> > > of TRIN, which also becomes clear in the article you mention,
> where
> > > the calculated mean is so far above TRIN's neutral value of 1.
> > >
> > > For a responsible use of TRIN consider reading this article:
> > >
> > > http://store.traders.com/stcov236ovma.html
> > >
> > > and this accompanying code:
> > >
> > >
> >
>
http://www.traders.com/Documentation/FEEDbk_docs/Archive/122005/Trader
> > > sTips/TradersTips.html#amibroker
> > >
> > > -treliff
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "murthysuresh" <money@> wrote:
> > > >
> > > > hello
> > > > i am trying to plot a chart like below. but i get a flat line
> for
> > > trin
> > > > and nasdaq. How can i change to make it happen.
> > > >
> > > > my formula
> > > > Plot(Close,"nasdaq",styleLine|colorOrange|styleOwnScale);
> > > > ForeignSYMBOL=Foreign("NASTRIN.Z","Close") ;
> > > > Plot(MA(ForeignSYMBOl,10),"Nasdaq Trin",
> > > > styleLine|colorPink|styleOwnScale);
> > > >
> > > > chart that i am trying to emulate
> > > >
> >
http://www.sentimentrader.com/subscriber/trin_nasdaq_description.htm
> > > >
> > >
> >
>
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