TRIN Indicator

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  • #65385
    Keith
    • Topics: 5
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    • Posts: 5

    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)

    #65390
    Matthew
    • Topics: 5
    • Replies: 422
    • Posts: 427

    Hi Keith,

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

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

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    #65391
    Mathew
    • Topics: 40
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    Hi Keith,

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

    All the best

    Mathew

    1 user thanked author for this post.
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