TRIN Indicator

Optuma Scripting
1

Mathew, as discussed can you advise how to create the TRIN indicator as used by Dr Alexander Elder? The formula is as follows:

TRIN (Traders Index) = (Number of stocks advancing/Number of stocks declining) / (Advancing stocks volume/Declining stocks volume)

2

Hi Keith,

Using the Breadth Measure codes you provided earlier, the following script is produced:

V1 = GETDATA(CODE=ADVASX:BM);
V2 = GETDATA(CODE=DECASX:BM) ;
V3 = GETDATA(CODE=AVVASX:BM) ;
V4 = GETDATA(CODE=DVCASX:BM) ;
(V1 / V2) / (V3 / V4)

Apply this script in a Show View for it to appear below the chart as an indicator.

3

Hi Keith,

Just to add to that, we will be adding TRIN into the new breadth measures too.

All the best

Mathew