TRIN
can be added to Charts through the Lower Indicators menu within Options. Simply select TRIN from the drop down menu.
Developed by Richard W. Arms, Jr., TRIN is a breadth
indicator which measures and compares strength of market advances and declines
based upon volume. At any moment during the trading day, TRIN can be computed
for a particular market by dividing the ratio of advancing issues to declining
issues by the ratio of advancing volume to declining volume. Indicator values
less (greater) than one are bullish (bearish), indicating more volume is
flowing into (out of) advancing issues as compared to declining issues. TRIN
can be applied to end of day data, but its intraday applications are more
commonly used.
Interpretation: Buy (sell) when TRIN falls below
(rises above) one.
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