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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: TRINDY who wrote (19036)6/27/2001 6:52:55 PM
From: Zeev Hed  Respond to of 30051
 
I used "shorthand", you are correct. The argument stays the same, however.

Zeev



To: TRINDY who wrote (19036)6/27/2001 7:32:15 PM
From: Saulamanca  Read Replies (4) | Respond to of 30051
 
Trindy, Trin is calculated:

( A/D) / (AV/DV)

where:

A = The number of advancing stocks
D = The number of declining stocks
AV = The total volume of the advancing stocks
DV = The total volume of the declining stocks.

Today`s NAZ internals:
A = 2080
D = 1634
AV =1038
DV = 653

(2080/1634) / (1038/653) = closing Trin of .799 rounded to .80

Jim