trin

Function Name: trin

Tags: None

Category: Market Breadth

The Arms Index is also referred to as TRIN, an acronym for Trading Index. It is a volume based indicator which determines market strength and breadth by analyzing the relationship between advancing and declining issues and their respective volume. An Index value of 1 indicates that the ratio of up volume to down volume is equal to the ratio of advancing issues to the declining issues. The market is said to be in a neutral state when the Index equals 1, since the up volume is evenly distributed over the advancing issues and the down volume is evenly distributed over the declining issues.

 

Author:   Richard Arms

Link:       http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:trin

 

Index
	Type:
Period
	Default Value: 14  |  Minimum: 1  |  Maximum: 99999
	Type: Numeric
Shift
	Default Value: 0  |  Minimum: 0  |  Maximum: 100
	Type: Numeric