Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

AD line,Trin Observations

19 sec read


 

Just have a look into the Advance-Decline ratio and Trin Charts. From the Ad line charts you could observe
that as the market moves higher….ad line is in declining mode. This suggest that more number of stocks are declining and only few stocks are pumping this market higher. From the trin charts you could see that 10 day SMA of trin is in declining mode which suggest that volume is more in Advancing stocks and very less in Declining stocks. And the traders are very skeptical in stock specific.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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2 Replies to “AD line,Trin Observations”

    1. Traders are hanging to the safer stocks for time being and there is no much participation in the declining
      stocks. Still Now markets also not cracking the supports as of now.

      If you ask me is it a sign of weakness. Yes Weakness prevailing in the market…thats why market is inching up
      step by step with low volatility. We cant so easily conclude that market may go down because of this issues. May be
      such type of action could be used to scare people who are holding their long positions and make then exit from the market before the markets make newer high.

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