[finance] A value below 1 usually indicates bullish sentiment, and a value above 1 – bearish. A reading reaching 1.5 is very bearish. The index was introduced by Richard Arms, and is continuously displayed during trading hours, among other indices, on the New York Stock Exchange`s central wall display for the stocks traded on that exchang... Found on http://en.wikipedia.org/wiki/TRIN_(finance)
Name derived from TRading INdex. Also known as an ARMS index. The index is usually calculated as the number of advancing issues divided by the number of declining issues. This, in turn, is divided by the advancing volume divided by the declining volume. If there is considerably more advancing volume relative to declining volume this will tend to re... Found on http://www.duke.edu/~charvey/Classes/wpg/bfglost.htm