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In their book "Tools and Tactics for the Master Day Trader" Oliver Velez &
Greg Capra recommend
charting the NYSE Trader's Index (TRIN). The formula for TRIN is:
Advancing issues / advancing volume
over
Declining issues / declining volume
(It's also known as the "Arm's Index" -- see page 175 of the book)
I can't seem to find the "TRIN" in Tradestation symbol list.
Is there a way to plot this on a chart?
They also talk about using a daily indicator of the Big Board stocks that
have hit a new
52-week low... it's a single, daily statistic. Can I get some advice on
how to chart this
indicator? They say it's the "NYSE daily new lows (NLs) indicator...".
Any suggestions are welcome. Thank you.
Warmest Regards & Good Trading to All,
Brian Voiles
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