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Although I agree strongly that Volume (and perhaps breadth) are very
important, I would caution you that TRIN is an illogical mathematical
formulation. As such, it frequently distorts the very information you'd
like to get.
Although I'm not much of a fan of Tushar Chande, his explanation of what's
wrong with TRIN is valuable; see "The New Technical Trader," Chande &
Kroll, Wiley, 1994. He proposes a different construction that uses the same
components and that is far more solid mathematically.
TRIN has the advantage that it is disseminated throughout the day (history
reigns supreme). However, you'll get a lot farther if you use the
underlying components to calculate a replacement.
Allan
________________________________________
At 11:32 PM 6/10/98 -0700, Rick Pereira wrote:
>Could someone direct me to a company that codes systems? Most the
>systems for sale are junk. If someone knows of a company that could code
>
>a system so I could lease it out and could also provide some form of
>guarantee as to the code remaining outside of the public domain, please
>contact me.
>
>If you are still looking for the Holy Grail of systems development, look
>
>at trin, and the oddlot shorts for coding signals. Volume/breadth is
>what you should key on also.
>
>--
>Rick Pereira
>OEX Trader Ltd.
>http://www.oextrader.com/
>
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