Abbreviation: Arms Short-Term Index: Avg
Category: Market Advance / Decline
Input Parameters:
| Name | Range | Default |
| Advancing Issues | ||
| Declining Issues | ||
| Volume of Advancing Issues | ||
| Volume of Declining Issues | ||
| Avg Periods | Int >= 1 | 5 |
Calculation:
Avg(X, Avg Periods)
where
X = Arms Short-Term Trading Index(Advancing Issues, Declining Issues, Volume Advancing Issues, Volume Declining Issues)
Arms Short-Term Trading Index represents Arms Short-Term Trading Index (TRIN)
Avg represents Simple Moving Average
Discussion:
This indicator attempts to smooth the Arms Short-Term Trading Index indicator by calculating its moving average. Since it uses a simple moving average (which gives equal importance to all the periods within the moving average’s time frame), this method of smoothing may cause more of a lag time than the exponential variant.