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Date/Time: Thu, 26 Dec 2024 16:46:05 +0000

Post From: TRIN calculation and documentation definition

[2015-12-08 21:11:54] Link To Thread - Link To Post [Go To First Post]
User13668 - Posts: 294
Can you please check that your software is applying the correct formula for the TRIN Market Statistics calculation. For one thing I certainly believe the documentation INCORRECTLY describes the formula (Sierra Chart Market Statistics: Symbols). Here are three external references for the formula which are all the same and are different to your documented formula: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:trin https://en.wikipedia.org/wiki/TRIN_(finance) http://www.investopedia.com/terms/a/arms.asp So naturally I wondered that if the documentation is wrong, is the actual software formula also wrong as I am not getting plots for the S&P500 TRIN that you would expect for the price movement ie what these external 3 sites suggest TRIN should look like in certain market conditions. Thanks