In general, a TRIN of less than 1 implies that money is moving into stocks, and greater than 1, out of stocks."
Check this custom interactive chart of TRINQ courtesy of Norton West
Monday, March 17, 2008
Finding the intraday turn in the market - TRIN, TRINQ
TheStreet.com : Ten Checkpoints Before Market Liftoff Investing: "The trading indices (TRIN and TRINQ) show volume backing up price action. Volume confirms price action. You can check the TRIN (NYSE) and TRINQ (Nasdaq) indicators, which combine advance/decline and up-volume/down-volume indicators into a single, short-term money flow indicator. The formula is:
In general, a TRIN of less than 1 implies that money is moving into stocks, and greater than 1, out of stocks."
Check this custom interactive chart of TRINQ courtesy of Norton West
In general, a TRIN of less than 1 implies that money is moving into stocks, and greater than 1, out of stocks."
Check this custom interactive chart of TRINQ courtesy of Norton West
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