Hello i see a difference between the ARMS and the BTRIN methodology. I am using the daily timeframe. I am attaching the screenshots using both iqfeed and qp2. the BTRIN is very choppy. the arms is able to capture the major turns. i get the same results with both the data sournce. qp2 chart http://img249.imageshack.us/my.php?image=nasdarmsbrinqp2chartms2.png
dtn chart. http://img509.imageshack.us/my.php? image=nasdarmsbriniqfeedchartpo1.png http://www.sentimentrader.com/subscriber/trin_nasdaq_description.htm seems to discuss bands using calculated mean. i am using the bollinger bands to define the extremes bands. is there a different way of demonstrating the bands. the formula for arms is below Plot(Close,"nasdaq",colorOrange,styleLine); ForeignSYMBOL = Foreign("NASTRIN.Z","Close"); Plot(MA(ForeignSYMBOL,10),"Nasdaq Trin", colorPink,styleLine|styleOwnScale); //Plot(StDev( Close, 10),"STD Dev",colorBlue,styleLine|styleOwnScale); _SECTION_BEGIN("Bollinger Bands"); P = ParamField("Price field",-1); Periods = Param("Periods", 15, 2, 100, 1 ); Width = Param("Width", 2, 0, 10, 0.05 ); Color = ParamColor("Color", colorCycle ); Style = ParamStyle("Style"); Plot( BBandTop( P, Periods, Width ), "BBTop" + _PARAM_VALUES(), Color, Style ); Plot( BBandBot( P, Periods, Width ), "BBBot" + _PARAM_VALUES(), Color, Style ); _SECTION_END(); the formula for btrin is function BrinTransform( x ) { return ( 1 - x )/Max( 1, x ); } // data-source dependent symbols dnvol= Foreign("!NQ-DV", "C"); upvol= Foreign("!NQ-AV", "C"); advn = Foreign("!NQ-D", "C" ); decl = Foreign("!NQ-A", "C"); Trinx = (dnvol/ upvol ) * ( advn / decl ); BRINx = BrinTransform( Trinx ); ILine = BrinTransform( (advn/decl)^2 ); VLine = BrinTransform( (dnvol/upvol)^2 ); //Plot( Trinx, "Trinx", colorRed ); Plot( BRINX, "BRIN", colorBlack ); Plot( ILine , "ILine", colorBlue ); Plot( VLine , "VLine", colorViolet ); --- In [email protected], "treliff" <[EMAIL PROTECTED]> wrote: > > Have fun, it's a bit tough but worthy read. Feel free to ask if > necessary. > > -treliff > > --- In [email protected], "murthysuresh" <money@> wrote: > > > > thanks for athe article. its going to be 1 interesting sunday > reading > > it. > > > > seede > > --- In [email protected], "treliff" <treliff@> wrote: > > > > > > Some advice: be very careful, you cannot simply take a moving > > average > > > of TRIN, which also becomes clear in the article you mention, > where > > > the calculated mean is so far above TRIN's neutral value of 1. > > > > > > For a responsible use of TRIN consider reading this article: > > > > > > http://store.traders.com/stcov236ovma.html > > > > > > and this accompanying code: > > > > > > > > > http://www.traders.com/Documentation/FEEDbk_docs/Archive/122005/Trader > > > sTips/TradersTips.html#amibroker > > > > > > -treliff > > > > > > --- In [email protected], "murthysuresh" <money@> wrote: > > > > > > > > hello > > > > i am trying to plot a chart like below. but i get a flat line > for > > > trin > > > > and nasdaq. How can i change to make it happen. > > > > > > > > my formula > > > > Plot(Close,"nasdaq",styleLine|colorOrange|styleOwnScale); > > > > ForeignSYMBOL=Foreign("NASTRIN.Z","Close") ; > > > > Plot(MA(ForeignSYMBOl,10),"Nasdaq Trin", > > > > styleLine|colorPink|styleOwnScale); > > > > > > > > chart that i am trying to emulate > > > > > > http://www.sentimentrader.com/subscriber/trin_nasdaq_description.htm > > > > > > > > > >
