What's up with TRIN today....

Discussion in 'Technical Analysis' started by Swish, Oct 7, 2002.

  1. Swish


    I usually follow trin pretty close and it's been a great indicator of market direction lately. today however, it was extremely choppy and didn't move up past 1.2 until after 3 est despite widespread downward pressure.

    Can anybody explain the anomaly to me in terms of underlying buying and selling that was going on??


  2. Swish


    TRIN ended the day at about 1 yesterday (Wednesday), and was below 1 for most of the afternoon. I do not see how this is possible:

    On the NYSE, there were 405 gainers yesterday and 2231 losers. The top 10 trading volume listed stocks were all down yesterday. I cannot believe that 5 times as much money flowed into the gainers as flowed into the losers.

    Doesn't anybody understand???
  3. BKuerbs


    The TRIN is defined as

    (AI/DI) / (AV/DV) where

    AI = Advancing Issues, DI = Declining Issues, AV=Advancing Volume etc.

    The numbers for the Nyse for the 10/9 are:

    AI = 478, DI = 2794, AV = 305767900; DV = 1842629700.

    So TRIN = (478/2794)/(305767900/1842629700) = 0.17108/0.16594 = 1.03

    So that looks about right.


    Bernd Kuerbs
  4. Swish


    Thanks Bernd,

    I had a bit of a misunderstanding of how TRIN worked - thanks for clearing it up.....
  5. Mr. DNA

    Mr. DNA


    How to you access TRIN data during the day.

    Dow you use a calculator and just figure it out each time?

    Can I set it up in ESignal?

    Can I view it on a chart and access it as a symbol?


    Mr. DNA

  6. BKuerbs


    No, yes and yes. It depends upon what you subscribed to with eSignal. TRIN (and Tick) should be part of the indices available in eSignal.


    Bernd Kuerbs