Arms Index (TRIN)

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The Arms index (TRIN) is a technical analysis indicator that compares advancing
and declining stock issues and trading volume as an indicator of overall market
sentiment. It measures the relationship between market supply and demand and is
used as a predictor of future price movements in the market, primarily on an
intraday basis. The Arms index seeks to provide a more dynamic explanation of
overall movements in the composite value of stock exchanges, such as the NYSE or
NASDAQ, by analyzing the strength and breadth of these movements.
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BTC: 3FKWwtaYrf5NHZzaCi1fyAfQj7XSgtyCqe
Does this indicator work as intended on other assets? Ie can the indicator be used on bitcoin? Is it looking at the correct parameters or it’s looking at nyse upvol/downvol only?
HPotter DevilHanzo
@DevilHanzo, You can try to use it on the bitcoin. But you should to change levels.
@HPotter, how to use it and what levels should i use for bitcoin?
HPotter himansu000007
@himansu000007, I do not know, you should check it yourself.
You da real mvp
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