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<DIV><FONT color=#000000 face=Arial size=2>I use TRIN and Tick for intraday
overbought/oversold. a TRIN > 1.20 and Tick > -800 is oversold. A TRIN
<70 and a Tick > 800 is overbought. For bigger picture takers, I suggest a
5 or 10 day MA on close.</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2>Richard Estes</FONT></DIV>
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style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Robert Doeden <<A
href="mailto:bdoeden@xxxxxxxxxxxx";>bdoeden@xxxxxxxxxxxx</A>><BR><B>To:
</B><A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>
<<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Thursday, November 06, 1997 7:28 PM<BR><B>Subject: </B>Re: TRIN
Interpretation<BR><BR></DIV></FONT>I use the TRIN in trading the S&P 500
futures. For those not familiar with this indicator 1.00 is neutral,
under 1.00 shows buying strength and over 1.00 shows selling strength. In a
very strong market the TRIN will get under .50, in a very weak market over
2.00. If I want to sell short a strong market I will wait until the
TRIN rises above the .50 to at least .80 before I even think of
shorting. I have found through expensive learning if you short when
the TRIN in in the area of .50 the market will often go higher.
<P>On the buy side, with the market buying every dip the last few years I
don't have to wait for the TRIN to drop from a high number before
buying. If the market changes and starts to <U>not</U> automatically
recover from drops this will change.
<P>Bob Doeden
<BR>============================================================
<BR>Conversely <BR>Tim Kruzel wrote:
<BLOCKQUOTE TYPE = CITE>Is there anyone out there who follows the TRIN
indicator who could give <BR>a brief description regarding how to
interpret it? Or indicate a place <BR>where one could read about it.
<P> | Advancing Issues |
| Down Volume | <BR>TRIN = | ---------------- | x | ----------- |
<BR> | Declining Issues
| | Up Volume |
<P>Suppose one had a large TRIN value. This could come about in two
ways.
<P>1) The Down/Up ratio stays around 1.0 but the Advance/Decline ratio
is <BR> large. One might interpret this as bullish?
<P>2) The Advance/Decline ratio stays around 1.0 but the Down/Up ratio
is <BR> large. One might interpret this as bearish?
<P>It seems to me that TRIN obscures what is happening. Why not follow
the <BR>two ratios separately? What am I missing?
<P>Thanks <BR>Regards, <BR>Tim</P></BLOCKQUOTE>
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</x-html>From ???@??? Thu Nov 06 18:48:49 1997
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From: DanMartinz@xxxxxxx
Date: Thu, 6 Nov 1997 21:15:26 -0500 (EST)
Message-ID: <971106211526_-2043277762@xxxxxxxxxxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx, productdevelopment@xxxxxxxxx
Subject: MetaStock v6.5 Multiple plots
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Status: O
There is an irritating omission in MetaStock v6.5. When you have multiple
plots in a custom indicator, all of the lines have the same color. If you
have 2 oscillators or are unfamiliar with other indicators, it can be
impossible to tell which plot you are looking at. You cannot differentiate
the colors of the different plots. If you change the color of the custom
multiple plot, the color for all of the lines change and they are still all
the same.
Daniel L. Martinez
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