Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The data series base chart is a 1 Second chart of ^TICKQ data, the data plot is hidden by setting it to Transparent and AutoScale is turned off so that you only see the plot from the indicator. The ConstantLines indicator was added for easier spotting of how far the plot has moved and to what extent.
No if we look for the great source called Wikipedia that serves unlettered(LOL),we`ll see what the TRIN index is:
So,it`s sort of a ratio,it turnes out.I have a similar volume ratio study,but in the download section where you study is,it`s said that the more it ''hangs'' in one direction - the stronger the trend.It`s not the case with my volume ratio study,which is constantly changes.The TRIN or Arms index is mostly for trading stocks,and i`m not sure how it`s calculated(over what period?),so i wonder if there`s any similar ratio type of study for trading commodities.
I selected trin for the data chart only because its an instrument with decimal places and is cpu friendly to second based charts. You could just have easily used NQ or TF as the chart data, doesnt matter, the Indicator doesnt use the data at all, it grabs the TICK, TICKQ & tickdj data directly by itself, the chart price data is hidden and ignored if setup according to instruction.
While I wouldnt say that better tick is the futures equiv of Trin, I would say that if used with any of the 4 major index futures, you basically have a 10 second oracle into what they will do Price wise over the following seconds or even minutes.
I realize,that the TICK,TICKQ,TICKDJ indicies are good for trading stocks and stock indicies.What i`m trying to ask is,is there a similar index for commodities?
Ahh I gotcha now, ok, so no, I dont know of any tick data for commodities like oil, beans and metals, we only have use of the stock tick data which is really only good for the index futures. If anyone knows of one Id love to hear more about that myself :-)
