NexusFi: Find Your Edge


Home Menu

 





Better Trin Indicator for NT7?


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Whitelight with 6 posts (0 thanks)
    2. looks_two exiledgoblin with 2 posts (0 thanks)
    3. looks_3 elmatador1973 with 2 posts (0 thanks)
    4. looks_4 fliesen with 2 posts (0 thanks)
    1. trending_up 14,346 views
    2. thumb_up 3 thanks given
    3. group 11 followers
    1. forum 20 posts
    2. attach_file 3 attachments




 
Search this Thread

Better Trin Indicator for NT7?

  #1 (permalink)
 elmatador1973 
la mirada
 
Experience: Intermediate
Platform: NijaTrader
Broker: Amp/CQG
Trading: Oil, Es
Posts: 8 since Feb 2011
Thanks Given: 1
Thanks Received: 11

Hi, I've done my research, googled, searched here, etc. I found a bettertrin indicator for NT and even imported it into NT7, but I don't think it's displaying properly. I use ampfutures/cqg data, and on their website it says they support Trin data. NinjaTrader/[AUTOLINK]CQG[/AUTOLINK] Supported Indexes

I've been testing Chris Curran's threeline break system on ES (combined with a little of my own) successfully for the last week. He mentions the Trin indicator as an essential indicator for his system, and I've looked everywhere for a NT version and found this one: Better [AUTOLINK]TRIN[/AUTOLINK] Indicator from Tradestation - [AUTOLINK]NinjaTrader[/AUTOLINK] Support Forum.

I've attached a screen shot of it in my ES chart. Not sure if it needs to be coded properly. Totally programming illiterate here.

Here's how Chris describes the "Trin". Doesn't resemble mine at all:
The Filters I Recommend Using
There are two types of filters that I will briefly touch upon here, essential and non-essential. The one essential filter, TRIN, is a tool I use every day. I do not personally use CCI or Time of Day, but others that I have taught the 3-Line Break Method have found them useful, so I include them here.
Essential
TRIN – As mentioned earlier in the discussion on the strategy "Catching the Train That Left the Station Without You," the TRIN is:
The advance/decline ratio divided by the advance volume/decline volume ratio

TRIN is used to measure overbought and oversold conditions in the market. Its popular use is as an "end of day" indicator. However, some quote systems provide real time intraday TRIN and it is this intraday version of TRIN that I apply to my trading.
Using the TRIN, you would only take long entries when the TRIN is below 1.00 and short entries when the TRIN is above 1.0. This is a very simple but effective filter to apply whenever TRIN reaches these extreme thresholds. You'll see examples of this in the real world trading simulations in Section V.



Any help will be immensely appreciated!




Manny

Attached Thumbnails
Click image for larger version

Name:	better trin in es NT7.jpg
Views:	910
Size:	553.1 KB
ID:	46985  
Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Build trailing stop for micro index(s)
Psychology and Money Management
ZombieSqueeze
Platforms and Indicators
Exit Strategy
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
Better Renko Gaps
The Elite Circle
 
  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

You should attach the indicator if you want someone to look at it for you.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #3 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 3,630 since May 2011
Thanks Given: 584
Thanks Received: 881


Not sure what you have there, but it is not $TRIN the calculated value , is it being used some other way or just an indicator named trin?

If you are referring to $TRIN the calculation is in your quoted post

... in "Mastering The Trade" John Carter suggests that a close above 2.0 has 80% chance of next day rally and a close below .60 has 80% chance of selling off next session --- otherwise to use as a confirming tool , if Market is in an up trend and $trin is trending down it's another confirmation in the bag of tricks

yesterday's close for $TRIN was 2.10 (Thursday)

Markets Diary: Closing Snapshot - Markets Data Center - WSJ.com

I use a 5 min $TRIN quoted through IQ feed but the calculation is above in your post and is based on $NYSE adv/dec and adv/dec vol

Decision Point Ž: About the TRIN

not sure what you are calculating from or to....

(the symbol for the $TRIN index value is quoted by your broker or quote feed if you have $NYSE quotes and you will only recieve quote when NYSE is open so to have yours working means you are using ES as your source - you will not get $TRin from there )

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
 elmatador1973 
la mirada
 
Experience: Intermediate
Platform: NijaTrader
Broker: Amp/CQG
Trading: Oil, Es
Posts: 8 since Feb 2011
Thanks Given: 1
Thanks Received: 11

I've attached the indicator now.

I'm not sure what the value is for Trin, but it's supposed to be based off the Tradestation bettertrin indicator. It's not the instrument/chart. I can load the actual instrument in NT through CQG, but that's not what I'm looking for. It supposed to be based off this indie: TRIN Indicator – 4 Simple Steps to Make a Better [AUTOLINK]TRIN[/AUTOLINK] Indicator



Thanks!

Attached Files
Elite Membership required to download: BetterTRIN.cs
Started this thread Reply With Quote
  #5 (permalink)
 
exiledgoblin's Avatar
 exiledgoblin 
Toronto, ON
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/CQG and Interactive Brokers
Trading: ES
Posts: 73 since Aug 2009
Thanks Given: 7
Thanks Received: 20

Hi Manny,

As you have probably figured out TRIN is a market breadth index (ARMS index) available from CQG and other sources. BetterTrin is a Barry Taylor indicator available for Trade Station from emini-watch.com

I have the BetterTrin indicator itself working on NT7 but more interesting is the oscillator with divergence that Barry sells. Unfortunately there is no version of this oscillator for NT. I suppose one could buy the Trade station version (very modest cost) and have it converted to NT for a cost (to be determined). I'd be interested in a joint venture of this sort. We would have to consult with BT regarding legal proprietary issues, etc.

Any takers?

Good luck in your trading!



elmatador1973 View Post
Hi, I've done my research, googled, searched here, etc. I found a bettertrin indicator for NT and even imported it into NT7, but I don't think it's displaying properly. I use ampfutures/cqg data, and on their website it says they support Trin data. NinjaTrader/[AUTOLINK]CQG[/AUTOLINK] Supported Indexes

I've been testing Chris Curran's threeline break system on ES (combined with a little of my own) successfully for the last week. He mentions the Trin indicator as an essential indicator for his system, and I've looked everywhere for a NT version and found this one: Better [AUTOLINK]TRIN[/AUTOLINK] Indicator from Tradestation - [AUTOLINK]NinjaTrader[/AUTOLINK] Support Forum.

I've attached a screen shot of it in my ES chart. Not sure if it needs to be coded properly. Totally programming illiterate here.

Here's how Chris describes the "Trin". Doesn't resemble mine at all:
The Filters I Recommend Using
There are two types of filters that I will briefly touch upon here, essential and non-essential. The one essential filter, TRIN, is a tool I use every day. I do not personally use CCI or Time of Day, but others that I have taught the 3-Line Break Method have found them useful, so I include them here.
Essential
TRIN – As mentioned earlier in the discussion on the strategy "Catching the Train That Left the Station Without You," the TRIN is:
The advance/decline ratio divided by the advance volume/decline volume ratio

TRIN is used to measure overbought and oversold conditions in the market. Its popular use is as an "end of day" indicator. However, some quote systems provide real time intraday TRIN and it is this intraday version of TRIN that I apply to my trading.
Using the TRIN, you would only take long entries when the TRIN is below 1.00 and short entries when the TRIN is above 1.0. This is a very simple but effective filter to apply whenever TRIN reaches these extreme thresholds. You'll see examples of this in the real world trading simulations in Section V.



Any help will be immensely appreciated!




Manny


Follow me on Twitter Reply With Quote
  #6 (permalink)
 
exiledgoblin's Avatar
 exiledgoblin 
Toronto, ON
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/CQG and Interactive Brokers
Trading: ES
Posts: 73 since Aug 2009
Thanks Given: 7
Thanks Received: 20

TRIN is a index data feed from your broker (a calculation based as follows):

(Advancing Issues / Declining Issues)

(Advancing Volume / Declining Volume)

BetterTrin is a Barry Taylor improved version detailed here (I have a free working version of this):

TRIN Indicator – 4 Simple Steps to Make a Better [AUTOLINK]TRIN[/AUTOLINK] Indicator

If you want an indicator that allows you to see the values as an oscillator with automatic divergence detections read about it here:

TRIN Indicator – How to Trade with the Better [AUTOLINK]TRIN[/AUTOLINK] Indicator


elmatador1973 View Post
Hi, I've done my research, googled, searched here, etc. I found a bettertrin indicator for NT and even imported it into NT7, but I don't think it's displaying properly. I use ampfutures/cqg data, and on their website it says they support Trin data. NinjaTrader/[AUTOLINK]CQG[/AUTOLINK] Supported Indexes

I've been testing Chris Curran's threeline break system on ES (combined with a little of my own) successfully for the last week. He mentions the Trin indicator as an essential indicator for his system, and I've looked everywhere for a NT version and found this one: Better [AUTOLINK]TRIN[/AUTOLINK] Indicator from Tradestation - [AUTOLINK]NinjaTrader[/AUTOLINK] Support Forum.

I've attached a screen shot of it in my ES chart. Not sure if it needs to be coded properly. Totally programming illiterate here.

Here's how Chris describes the "Trin". Doesn't resemble mine at all:
The Filters I Recommend Using
There are two types of filters that I will briefly touch upon here, essential and non-essential. The one essential filter, TRIN, is a tool I use every day. I do not personally use CCI or Time of Day, but others that I have taught the 3-Line Break Method have found them useful, so I include them here.
Essential
TRIN – As mentioned earlier in the discussion on the strategy "Catching the Train That Left the Station Without You," the TRIN is:
The advance/decline ratio divided by the advance volume/decline volume ratio

TRIN is used to measure overbought and oversold conditions in the market. Its popular use is as an "end of day" indicator. However, some quote systems provide real time intraday TRIN and it is this intraday version of TRIN that I apply to my trading.
Using the TRIN, you would only take long entries when the TRIN is below 1.00 and short entries when the TRIN is above 1.0. This is a very simple but effective filter to apply whenever TRIN reaches these extreme thresholds. You'll see examples of this in the real world trading simulations in Section V.



Any help will be immensely appreciated!




Manny


Follow me on Twitter Reply With Quote
  #7 (permalink)
 
NoMagic's Avatar
 NoMagic 
Sydney, Australia
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Kinetick/IB
Trading: ES
Posts: 13 since Nov 2012
Thanks Given: 33
Thanks Received: 4


exiledgoblin View Post
Hi Manny,

As you have probably figured out TRIN is a market breadth index (ARMS index) available from CQG and other sources. BetterTrin is a Barry Taylor indicator available for Trade Station from emini-watch.com

I have the BetterTrin indicator itself working on NT7 but more interesting is the oscillator with divergence that Barry sells. Unfortunately there is no version of this oscillator for NT. I suppose one could buy the Trade station version (very modest cost) and have it converted to NT for a cost (to be determined). I'd be interested in a joint venture of this sort. We would have to consult with BT regarding legal proprietary issues, etc.

Any takers?

Good luck in your trading!

Hi Guys

Did you ever get any takers for sharing costs on getting the Better TRIN oscillator developed for NT7? I would be interested if anyone already has it or is still looking.

Thanks,

Mike

Reply With Quote
  #8 (permalink)
 
Zondor's Avatar
 Zondor 
Portland Oregon, United States
 
Experience: Beginner
Platform: NinjatraderŽ
Broker: CQG, Kinetick
Trading: Gameplay KlownbineŽ Trading of Globex
Posts: 1,333 since Jul 2009
Thanks Given: 1,246
Thanks Received: 2,731

This is pretty simple as long as you do it on a time based chart. Start by adding the TRIN as a secondary dataseries.

Next plot the inverted logarithm of the TRIN. There are lots of oscillators that you can apply to that plot, pick the one that you like best.

Code has already been posted on futures.io (formerly BMT) for detecting divergences between oscillators and chart master instruments. There you have it.

I played around with this for a while but it seemed to me that the inverted log of the TRIN somewhat lagged the price action of the equity index futures. Your results may differ! However I think that better results may be obtainable with NYSE Advancing minus Declining issues, and NYSE Net Volume.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #9 (permalink)
JimPunkrockford
kauai, HI
 
Posts: 11 since Apr 2013
Thanks Given: 3
Thanks Received: 3


exiledgoblin View Post
TRIN is a index data feed from your broker (a calculation based as follows):

(Advancing Issues / Declining Issues)

(Advancing Volume / Declining Volume)

BetterTrin is a Barry Taylor improved version detailed here (I have a free working version of this):



If you want an indicator that allows you to see the values as an oscillator with automatic divergence detections read about it here:

i'm interested in his system based on the oscillator so i guess i'm going to pony up the dough for the trade station version anyways, i was just hoping somebody had done the coding in NT so i don't have to.

anyone?

Reply With Quote
  #10 (permalink)
 Whitelight 
Germany
 
Experience: Advanced
Platform: NinjaTrader/MT4
Broker: AMP/Mirus/ICMarkets
Trading: CL / NQ
Posts: 16 since Jun 2010
Thanks Given: 4
Thanks Received: 7


I like this one ;-)

thx




Reply With Quote




Last Updated on April 11, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts