Abbreviation: Put/Call TRIN Avg Diff
Category: Option Put / Call
Input Parameters:
| Name | Range | Default |
| Put Volume | ||
| Put Open Interest | ||
| Call Volume | ||
| Call Open Interest | ||
| Avg1 Periods | Int >= 1 | 5 |
| Avg2 Periods | Int >= 1 | 10 |
Calculation:
Avg(X, Avg1 Periods) – Avg(X, Avg2 Periods)
where
X = Put/Call TRIN(Put Volume, Put Open Interest, Call Volume, Call Open Interest)
Put/Call TRIN represents Put/Call TRIN
Avg represents Simple Moving Average
Discussion:
This indicator attempts to quantify movements in the Put/Call TRIN indicator by calculating the difference between two moving averages. Since it uses simple moving averages (which give equal importance to all the periods within the moving average’s time frame), the indicator treats all periods alike, and does not focus more upon movement between recent or relatively higher volume periods as do the exponential and volume weighted variants.