https://www.multicharts.com/trading-software/index.php?title=Arms_Index_(TRIN)&feed=atom&action=historyArms Index (TRIN) - Revision history2024-03-28T22:13:44ZRevision history for this page on the wikiMediaWiki 1.33.0https://www.multicharts.com/trading-software/index.php?title=Arms_Index_(TRIN)&diff=4996&oldid=prevRoman MultiCharts at 17:19, 7 February 20132013-02-07T17:19:22Z<p></p>
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<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''OverBought( .7 )''' sets the value specifying an overbought market level.</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''OverBought( .7 )''' sets the value specifying an overbought market level.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><div style="background-color: #E3FBE5;">Note: This indicator requires four data series to be used in a single chart. Please check if your data source provides this <del class="diffchange diffchange-inline">king </del>of data. </div></div></td><td class='diff-marker'>+</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><div style="background-color: #E3FBE5;">Note: This indicator requires four data series to be used in a single chart. Please check if your data source provides this <ins class="diffchange diffchange-inline">kind </ins>of data. </div></div></td></tr>
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</table>Roman MultiChartshttps://www.multicharts.com/trading-software/index.php?title=Arms_Index_(TRIN)&diff=4958&oldid=prevRoman MultiCharts: Created page with "Arms Index (TRIN) The Arms Index, developed by Richard Arms, is also referred to as TRIN, an acronym for TRading INdex. It is a volume-ba..."2013-01-29T15:24:34Z<p>Created page with "<a href="/trading-software/index.php?title=File:Arms_Index_(TRIN).png" title="File:Arms Index (TRIN).png">thumb|Arms Index (TRIN)</a> The Arms Index, developed by Richard Arms, is also referred to as TRIN, an acronym for TRading INdex. It is a volume-ba..."</p>
<p><b>New page</b></p><div>[[File:Arms Index (TRIN).png|thumb|Arms Index (TRIN)]]<br />
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The Arms Index, developed by Richard Arms, 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. The Index is calculated using the following formula: (# of advancing issues / # of declining issues) / (advancing volume/declining volume). The result of this formula is then smoothed by a simple moving average, the length of which is an input (SmoothingLength).<br />
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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 that the down volume is evenly distributed over the declining issues.<br />
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'''AdvIssues( Close of data1 )''' sets the data series where Advancing Issues instrument is inserted.<br />
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'''AdvVol( Close of data2 )''' sets the data series where Advancing Issues Volume instrument is inserted.<br />
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'''DecIssues( Close of data3 )''' sets the data series where Declining Issues instrument is inserted.<br />
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'''DecVol( Close of data4 )''' sets the data series where Declining Issues Volume instrument is inserted. <br />
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'''SmoothingLength ( 4 )''' sets the number of bars to be used to calculate the average of the Arms Index.<br />
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'''OverSold( 1.25 )''' sets the value specifying an oversold market level.<br />
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'''OverBought( .7 )''' sets the value specifying an overbought market level.<br />
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<div style="background-color: #E3FBE5;">Note: This indicator requires four data series to be used in a single chart. Please check if your data source provides this king of data. </div><br />
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[[Category:Pre-built Indicators]]</div>Roman MultiCharts