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Howard:
If:
AI = Advancing Issues
DI = Declining Issues
AV = Advancing Volume
DV = Declining Volume
TRIN = (AI / DI) / (AV / DV)
Chande proposes his "Market Thrust Oscillator":
MTO = 100 * (AI * AV - DI * DV) / (AI * AV + DI * DV)
I think this might be posted on Omega's FTP site in EL. If not, it's easy
enough to code.
I don't use this, so I can't answer your question about signals. It does,
however, make more sense mathematically than TRIN.
I used this only as a starting point for a more complicated derivation
(proprietary) that's working well for me.
Allan
_________________________
At 12:00 PM 6/11/98 -0400, HBernst963@xxxxxxx wrote:
>Could you post Chande's new construction of TRIN?
>Have you looked at it to see if it signals tops and bottoms?
>
>Thanks.
>
>Howard Bernstein
>
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