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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jack of All Trades who wrote (26979)9/24/1999 5:08:00 AM
From: Matthew L. Jones  Read Replies (2) | Respond to of 99985
 
TRIN of .50 is NOT the same as TRIN of 2.0-- TRIN of 2.0 is 4 time greater

TRIN = (Adv Issues / Decl Issues) / (Adv Volume / Decl Volume)

Typically, TRIN of < 0.6 is overbought and TRIN > 1.1 is oversold (although as I indicated in my earlier post it is fairly subjective and needs to be calibrated based on recent history. At any rate, 1.8 is extremely oversold IMO.

Hope this makes sense

Matt