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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Index and corresponding ETF

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gigimay
Posted : Saturday, February 26, 2005 11:44:49 PM
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Joined: 12/7/2004
Posts: 22
 I happened to see the chart for the NASDAQ Short Term Trade Index symbol TRINQ. Is there a corresponding ETF? Thanks.
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Craig_S
Posted : Sunday, February 27, 2005 11:29:18 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 The TRINQ is the TRIN of the NASDAQ. It is an indicator, not a trading entity. TRIN is calculated by taking the ratio of the number of advancing issues to the number of declining issues and then dividing this ratio by the ratio of the volume of advancing issues to the volume of declining issues.

Unlike a true index, it is not a composite of components. There is no ETF for an indicator.
- Craig
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