Hello colleagues"" Here I share today Arms Index!!! -Avalilables settings and options: - Switcheable Index NASDAQ and S&P - Switcheable Alerts "crossover, crossunder, change and main ones" -Fill Color Customizables -Signal Color Customizables -Signal Smooth Customizable
Enjoy!!!
Arms Index (TRIN) The Arms Index (TRIN) is a market breadth oscillator that was developed by Richard Arms. It is also known as the Trading Index, hence the abbreviation TRIN. It relates advancing and declining stocks to their respective volume flows by dividing the Advance/Decline Ratio by the volume ratio. When it rises the market is said to be weak and vice versa. The value 1 is key and crossing it generates a signal. A value above 1 indicates declining stocks have the upperhand in the volume flow and vice versa. The indicator can be used to spot overbought and oversold situations and is best used in combination with other analysis techniques.
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Minor changes
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Change Title (Fix error advancing and declining main sources it's from NYSE New York Stock Exchange) Added DJ Advancing and declining Values Added combine function Note: for smooth signals recommend set the axis with the following values +- *1'5 upper line for fill oversell zone *1'2 upper oversell line "for oversell alert" *1'0 axis line == *0'8 lower line overbought "for overbought alert" *0'5 lower line for fill overbought zone
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Fix signal color Add axis tooltips notes
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Minor changes
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Added ability to toggle signal between columns and lines Added background color when signal cross ob os lines
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Adder Comparaison Ticker Amlifier signals *100 and *5000 Fix some notes Fix Toggle alerts
Is there a way to code this for intraday calculations on a lower time frame?
fourwheel
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Hi nice job, can I configure this to Dax somehow ?
FloatingApeX
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@fourwheel, Sorry 4W i don`t know if u have ad lines ticker for this purpose but you can make script for it manually with 40 stocks of the dax. 40 open and close values and calculate the progression in the script. Add volumes from the 40 Tickers and the rsi I´m try to make an RSC Mansfield for 40 Ticker (maeby is better) I'm moving to other profile "Floating Apex"