Bretz TRIN-5
The Bretz TRIN-5 indicator is a five period moving sum of the TRIN. To interpret the Bretz TRIN-5, a buy signal is generated when it reaches a high above 6 then turns down, and a sell signal is generated when it reaches a low below 4 then turns up.
The Bretz TRIN-5 indicator was developed by William G. Bretz and described in his 1972 book Juncture Recognition in the Stock Market. Jerry Favors named it the TRIN-5 by in his article in the March, 1992 issue of Technical Analysis of Stocks & Commodities magazine.
Formula:
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