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.

Trin indicates Distribution Phase

19 sec read


 

There is a interesting surge in trin towards 1 which denotes that we are in a distribution phase. Rising trin in a rising market indicates normally a distribution phase an indication of overbought levels. As  the market is trending higher during a rising trin which in turn indicates that more volume is moving into declining stocks.
 
Be cautious with longs as we are probably reaching the top in few trading session.
If you are trading longs then trade light. Weakness will come only below 5050
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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0 Replies to “Trin indicates Distribution Phase”

  1. dear rajgood explanation, till now i donot no much abt TRIN but you explanation have enlightned me. Could you givn me a ling which gives good understanding of TRIN.M.Sri MahidarTrend is Friend.

  2. Here you can check how to read trin TRINhttp://www.marketcalls.in/2009/06/how-trader-should-view-trin-readings.htmlPast observations on TRINhttp://www.marketcalls.in/search?q=trin

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