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TRIN (Arms Index)
(Indicators based on the "advances" and "declines" concept)
Description: Technical analysis of TRIN
indicator, advance/decline ratio, volume and issues, real-time charts and quote,
Arms Index
The TRIN indicator is
calculated by dividing the Advances/Declines (AD) Issues Ratio by the AD
Volume Ratio:
TRIN = ((Advancing issues/declining issues) /
(advancing volume/declining volume))
Table 1 provides three hypothetical examples of how
the TRIN is calculated. The examples are then discussed below.
Table1: TRIN (Arms Index). Indicator
Calculations based on Hypothetical Examples.
| |
Example #1 |
Example #2 |
Example #3 |
| Advancing Issues |
300 |
400 |
400 |
| Declining Issues |
200 |
100 |
100 |
| AD Issues Ratio |
1.5 |
4 |
4 |
| Advances Volume |
600 K |
700 K |
900 K |
| Declines Volume |
400 K |
300 K |
150 K |
| AD Volume Ratio |
1.5 |
2.3 |
6 |
| TRIN Calculation |
1.5 / 1.5 |
4 / 2.3 |
4 / 6 |
| TRIN Indicator Value |
1 |
1.7 |
0.67 |
You may see detailed
interpretation of the examples represented in the table above in the "TRIN"
article on the MarketVolume's website. More examples of TRIN analysis
could be found in the "TRIN
Examples" article. Real-time TRIN charts and quotes could be found
on MarketVolume's website as well.
A. v. S.
V. K.
Copyright 2004 Highlight Investments Group.
All rights reserved. This material may not be published,
broadcast, rewritten, or redistributed.
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