Arms index - Also known as a trading index (TRIN)= (number of advancing issues)/(number of declining issues)(Total up volume )/(total down volume). An advance/decline market indicator. Less than 1.0 indicates bearish demand, while above 1.0 is bullish. The index often is smoothed with a simple moving average.
A contrary indicator moving in the opposite direction of the market and useful in spotting short term extremes for intraday trading. Below 1.0 is positive and above 1.0 is negative.
Arms index : also known as a trading index (trin)= (number of advancing issues)/(number of declining issues)(total up volume )/(total down volume). an advance/decline market indicator. less than 1.0 indicates bearish demand, while above 1.0 is bullish. the index often is smoothed with a simple moving average.
a contrary indicator moving in the opposite direction of the market and useful in spotting short term extremes for intraday trading. below 1.0 is positive and above 1.0 is negative.
Arms index