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

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