The Eliades New TRIN Indicator was developed by Peter Eliades (www.stockmarketcycles.com). The calculation is a 10-day moving average of NYSE down volume, divided by a 10-day moving average of up volume, divided by a 10-day moving average of TRIN*.

When the indicator crosses below 0.80, then moves back above 0.80, a SELL Signal is generated. (Please note that the scale on our chart is reversed to make it more intuitive.)

*The basic daily TRIN calculation is as follows:

Advancing Stocks/Declining Stocks
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Advancing Volume/Declining Volume