【Arms Index (TRIN)】
[code]inputs:
AdvIssues( Close of data1 ),
AdvVol( Close of data2 ),
DecIssues( Close of data3 ),
DecVol( Close of data4 ),
SmoothingLength( 4 ),
OverSold( 1.25 ),
OverBought( .7 ) ;
variables:
var0( 0 ),
var1( 0 ) ;
var0 = ArmsIndex( AdvIssues, AdvVol, DecIssues, DecVol ) ;
var1 = Average( var0, SmoothingLength ) ;
Plot1( var0, "ArmsX" ) ;
Plot2( var1, "ArmsXAvg" ) ;
Plot3( OverSold, "OverSld" ) ;
Plot4( OverBought, "OverBot" ) ;
condition1 = var1 crosses under OverSold ;
if condition1 then
Alert( "Indicator exiting oversold zone" )
else
begin
condition1 = var1 crosses over OverBought ;
if condition1 then
Alert( "Indicator exiting overbought zone" ) ;
end;
[/code]
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