Do you only look at the $TRIN’s CLOSE for the prior day Hubert? Today, 1/17, the $TRIN opens high at around 1.9 and that as it turns out was a good long signal, yet the close on 1/16 was only 1.13. By my reading of your trade, you would not have gone long today because the $TRIN closed below 1.5, yet it seems that the high open made for a good long signal – so can you look at the open or intraday values too? Can you expand on this for me please?
Excellent thanks Hubert, never really used or paid much attention to the TRIN indicator, but now i see its use.
Cheers buddy
James
The $TRIN in one of 4 or 5 things I’m always looking at.
Hope it helps you in your trading.
Hubert
Do you only look at the $TRIN’s CLOSE for the prior day Hubert? Today, 1/17, the $TRIN opens high at around 1.9 and that as it turns out was a good long signal, yet the close on 1/16 was only 1.13. By my reading of your trade, you would not have gone long today because the $TRIN closed below 1.5, yet it seems that the high open made for a good long signal – so can you look at the open or intraday values too? Can you expand on this for me please?
Many thanks!
Keith Baker
I look at in intraday and also close.
What data vedor are you using I use TradeStation and TOS will have a different reading from time to time.
I will do some follow up video to clear it up some more.
Hope it helps
Hubert