The Open-10 TRIN is a variation on the TRIN. The basic formula of advances divided by declines over up volume divided by down volume is the same, but the Open-10 TRIN uses 10 day moving sums of each of the numbers.
The interpretation is the same as the TRIN.
The Open-10 TRIN is also known as the Open Trading Index.
Calculation:
ADV = The number of advancing issues
DEC = The number of declining issues
UPV = The total volume of the securities with a higher closing price of the previous closing price
DNV = The total volume of the securities with a lower closing price of the previous closing price
Inputs:
Group = XU100
Indicates the portfolio, group or index.
Indicator Type: Market Breadth
See Also