Tick & Trin

Hi im new to trading can anyone explain how trick and trin indicators work or recommend a book/website that will, as i'm slightly confused about how they work .

thanks

its actually TICK, not trick

try reading through these two threads.

http://www.trade2win.co.uk/boards/sh...&threadid=7200

http://www.trade2win.co.uk/boards/sh...&threadid=6996

I think you might mean $TICK .

Measures the number of NYSE stocks currently trading on an up-tick (higher transaction price than the preceding transaction) against those trading on a down-tick.

+/-300 = Neutral
+/-1000 = Excessively Bullish/Bearish.


TRIN (also known as ARM's Index)

Formula is:-

Advancing Issues/Declining Issues
.................................................. ....
Advancing Volume/Declining Volume

A rising TRIN is normally taken as short-term Bearish, falling TRIN is short-term Bullish.

HTH

btw, if you're completely new to trading, T&T probably isnt the best thing to start with.

Try getting into some basic TA first - use the First Steps Forum threads - then once you're a bit more up on things, delve a little deeper.

RR

thanks for the information

Which is a good site to find these measurements during the day, when markets are opened ?

try quote.com, or your data supplier.

Tick and Trin. I remenber asking about that. Rossored is correct learn basic TA first and then work out how to read price and volume. The Tick can then be used as a filter. I had a look at the Trin. Although it is a good tool, the Tick gives you much better readings. If any thing, the $Tick used in conjuction with the $Prem could be a better combination.