|
PureBytes Links
Trading Reference Links
|
Thanks for the emails. I figured it was the ARMS index. Richard Arms also
wrote a book, which he updated, that covers the ARMS index. After I'm through
writing notes on Pring's TA book, I might buy this one. Although, I already
have so much material.
Daniel.
WCMgt@xxxxxxx wrote:
> The index you refer to used to be called TRIN. It was created by Richard
> "Dick" Arms. The Arms Index. It is listed in the Wall St. Journal in Section
> C, under Stock Market Data Bank, Diaries just above block trades. It reads
> closing Arms (trin). It is calculated as follows: (A/D) / (AV/DV) where
> A = Advances; D = Declines; AV = advancing volume; and DV = declining
> volume. See Norman Fosback's book STOCK MARKET LOGIC, p132. The index
> measures the concentration of volume in advancing and decling stocks.
|