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$TRIN Indicator

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The TRIN measures the relationship between market supply and demand. It does this by comparing the number of advancing and declining stocks (USI:ADD) against advancing and declining volume (USI:VOLD). A TRIN reading below 1 should indicate a strong price advance is forthcoming. A TRIN reading above 1 should indicate a strong price decline is forthcoming. A value above 3 indicates an oversold market, but a reading below 0.5 indicates an overbought market.

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