[Smoothing Out The TRIN & TRINQ]

[Soultrader 12]

Useful technique Leroy Rushing from Trading EveryDay showed me to smooth out the TRIN and TRINQ. Filters out the noise and helps visually to see the TREND better.

 

CLICK HERE TO VIEW VIDEO

 

Charts created by Tradestation

[Guest cooter]

Interesting video. However, I feel as though I'm looking at apples vs. oranges.

 

You might want to try using the option to "Plot Data on Same Axis as Underlying Data" when placing the TRINQ in the same sub-graph as the TRIN.

 

This should provide a common scale for both data points in Tradestation, allowing for a more direct comparison of the relative importance of each.

[lrushing 10]

Combining multiple market internal indicators provides more insights and evidence towards identifying "high odds" trades across the entire market.

 

Smoothing of the TRIN & TRINQ and monitoring the relationship respecitively with trending upwards vs downwards provides better filtering for set-ups and entries.