Abbreviation: Put/Call TRIN ExpAvg
Category: Option Put / Call
Input Parameters:
| Name | Range | Default |
| Put Volume | ||
| Put Open Interest | ||
| Call Volume | ||
| Call Open Interest | ||
| ExpAvg Periods | Int >= 1 | 5 |
Calculation:
ExpAvg(X, ExpAvg Periods)
where
X = Put/Call TRIN(Put Volume, Put Open Interest, Call Volume, Call Open Interest)
Put/Call TRIN represents Put/Call TRIN
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to smooth the Put/Call TRIN indicator by calculating its moving average. Since it uses an exponential moving average (which gives more importance to the most recent periods than to less recent periods), the smoothing is influenced most by recent periods.