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?
4 thoughts on “Crescendo Trade”
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