| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 4/21/2008
Posts: 81
|
I'd like to plot the TRIN index (e.g. ARMS index) on an intraday plot. But I think the TRIN-X ticker is an end-of-day indicator. It may be possible to create my own version of the TRIN-X on the intraday plot, not just for the NYSE stocks (i.e. TRIN-X) but for any watchlist, by creating a separate indicator as a ratio of Advance Decline Ratio to Advance Decline Volume (both available as indicators). From the Advance Decline Ratio flow diagram, there is a block called "convert fraction to negative". But the Knowledge Base does not currently have a definition for it. May I know the formula?
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
If the Input value is above 0 and below 1, the formula would appear to be -(1/Input), but values that are at or below 0 or at or above 1 are unchanged.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 4/21/2008
Posts: 81
|
Got it. Thanks!
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 4/21/2008
Posts: 81
|
Bruce_L,
I went back a couple of weeks and found a thread from a member inquiring about the same thing I am attempting to create on my own, i.e. the $TICK or $TRIN for intraday / real time. Here are the threads:
http://www.worden.com/training/default.aspx?g=posts&t=32355
http://www.worden.com/training/default.aspx?g=posts&t=32609
While StockGuy is finding out, could you help us create the $TRIN indicator using what we have?
Here's the formula: TRIN = (A / D) / (AV / DV)
where A=# advancing issues, D=#declining issues, AD=advancing volume, DV=declining volume.
As I try to write the RealCode from scratch to calculate A and D, I hit a wall when I tried to reference the daily prices on an intraday chart. (I'm not a programmer as you can see.)
Next challenge I face is how would I keep a count of advancing issues and decling issues throughout the day as an indicator.
If someone could help me resolve those two issues, it would help me in plot the $TRIN intraday.
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
I'm not a programmer either. I've created a method for calculating the Arms Index (TRIN) intraday for the Active Watchlist, but it is incredibly slow and resource intensive for even the Nasdaq 100 on my computer.
Select Share | Charts.
Type STRATEGY11-35605 and select Search.
Select the STRATEGY11-35605 Chart.
Select Open.
Using the NYSE or something similar would probably only make things worse.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |