TickSurfers TRIN Indicator

Description

The TRIN (or short-term TRading INdex) measures the relationship between market supply and demand. It does this by comparing the number of advancing and declining stocks ($ADD) against advancing and declining volume ($VOLD). A TRIN reading below 1 should indicate a strong price advance is forthcoming. A TRIN reading above 1 should indicate a strong price decline is forthcoming. A value above 3 indicates an oversold market, but a reading below 0.5 indicates an overbought market.

Features & Settings

The default settings have been carefully selected to work optimally. Explore all the features available in TickSurfers TRIN by going to the indicator’s input settings and selecting the modes and settings your prefer.

Platforms

TickSurfers TRIN Indicator is available for the following platforms:
TradingView^® TradeStation^®