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Direct MessagesDate/Time: Mon, 13 May 2024 20:08:36 +0000
TRIN calculation and documentation definition
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| [2015-12-08 21:11:54] |
| User13668 - Posts: 291 |
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Can you please check that your software is applying the correct formula for the TRIN Market Statistics calculation. For one thing I certainly believe the documentation INCORRECTLY describes the formula (Sierra Chart Market Statistics: Symbols). Here are three external references for the formula which are all the same and are different to your documented formula: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:trin https://en.wikipedia.org/wiki/TRIN_(finance) http://www.investopedia.com/terms/a/arms.asp So naturally I wondered that if the documentation is wrong, is the actual software formula also wrong as I am not getting plots for the S&P500 TRIN that you would expect for the price movement ie what these external 3 sites suggest TRIN should look like in certain market conditions. Thanks |
| [2015-12-08 21:48:40] |
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The documentation explains the formula in 2 places and in one place it was incorrectly stated but it is now corrected with the correct formula as actually implemented. Reference Sierra Chart Market Statistics: Symbols We have examined the calculation method in our software and it is correct. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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