Better TRIN Indicators - FAQ

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Installation Questions

Do I need to have TradeStation to use the Better TRIN Indicators?
No. The code is written in TradeStation EasyLanguage and a Word document with the code is included. It can therefore be translated for use on other charting platforms. EasyLanguage is a very straight forward programming language to understand and many customers have been able to translate it for use on their own charting programs. The only requirement is that your charting program has access to TRIN data. In addition, an Excel spreadsheet is included that shows how the Better TRIN calculations are made.
Do the indicators work with TradeStation 2000i?
Yes. Instead of double clicking on the .ELD file, create new indicators in TradeStation 2000i and copy/paste the code from the accompanying Word document.
Can the TRIN indicators be installed on more than one computer?
Yes. Multiple computers is no problem.
Do you need my TradeStation user id?
No. The code does not require your TradeStation user id to work.
Will the TRIN indicators expire in the future?
No. There are no time restrictions built into the code.
Do I need NYSE and NASDAQ data?
Yes. In TradeStation subscribe to both NASDAQ Level 1 and NYSE data. Each real-time data feed only costs $1 per month. These settings can be found by logging into your TradeStation internet account and going to TradeStation Platform > Add/Remove Data or Features. TradeStation takes anywhere from a few minutes to a few hours to update new data settings and you will need to restart TradeStation for the requests to take effect.
Only 1 EasyLanguage file was attached. Where are the other indicators?
All 4 indicators and systems are in the 1 EasyLanguage file. Unzip the Better_TRIN_versiondate.ELD file and double click on it. This opens the file in TradeStation, then click Next and then Finish to import all 4 indicators and systems.
Only 1 trading system was included. Where are the 5 systems mentioned?
The 5 trading systems are all programmed in the one code. Each system has a True/False input to switch each one on and off. Look for the input values TypeA to TypeE. You can use the systems individually or combined. When combined, the systems give a sense of market direction too and advanced money management strategies can be tested.
I'm getting the error message "Missing data 2,3". What am I doing wrong?
Follow the installation instructions that come with the code. Set up your chart with 3 data streams: Emini (@ES.D), NYSE TRIN ($TRIN) and NASDAQ TRIN ($TRINQ). Make sure each data stream is set to local time in TradeStation.
I'm getting the error message "You may not mix symbols with different delays in the same window". What am I doing wrong?
Make sure you are subscribed to real-time data for CME Eminis, NYSE and Nasdaq and that each data stream is set to local time when added to a chart. TradeStation takes anywhere from a few minutes to a few hours to update new data settings and you will need to restart TradeStation for the requests to take effect.
I'm getting red, white and some blue dots using the Better TRIN ShowMe indicators. Why do some dots turn blue?
You're getting blue dots because the indicators are updating intra-bar. Go to the indicator format settings and under the General tab, un-tick the "Update value intra-bar" box at the bottom.

 

Usage Questions

What is the difference between the Better TRIN Indicator and the Better TRIN Oscillator?
The Better TRIN Indicator measures buying and selling pressure at a particular point in time. For example, a daily reading of +50 indicates moderate buying during that day. The Better TRIN Oscillator shows the waves or cycles of buying and selling. For example, if the oscillator turns up from -100 and starts rising, this indicates the market has bottomed and traders are starting to buy.
Can the TRIN indicators be used for day trading and on intra-day charts?
Yes. The indicators have been updated to enable intra-day signals.
Do the indicators also work with the NASDAQ, Russell and mini-sized Dow?
Yes and No. The indicators also work for the NASDAQ, Russell and S&P Midcap 400. Instead of inserting ES in a chart, substitute the NQ, ER2 or EMD. However, because of a TradeStation software restriction you cannot plot TRIN data with the mini-sized Dow, YM.
Do the systems also work for YM, SPY or OEX options?
Yes. The Better TRIN systems are designed to swing trade the US indices. The system signals rely on TRIN data, but the signals can be taken on any index market, for example, Eminis, mini-sized Dow, SPY, OEX options, etc.
Do the systems also work for day trading, i.e. with intra-day signals?
No. The Better TRIN systems are not designed for day trading, only swing trading. If you want to use the Better TRIN Oscillator for day trading, look for divergence patterns between the oscillator and price for good entry points.
Do the indicators work on tick charts or share charts?
No. TradeStation does not allow multiple data streams to be plotted on the same tick chart or share chart.
Can I use the Better TRIN Oscillator as a stand alone indicator or must I buy one of your other products?
The Better TRIN Oscillator can be used as a stand alone indicator and the package includes a number of example swing trading systems that rely on the indicator alone. Alternatively, the Oscillator can be used as a confirming indicator for swing or day trading. This approach is particularly powerful because the Better TRIN Oscillator is non-price based and therefore non-correlated with more traditional price-based indicators, such as MACD, RSI, moving averages, etc.
Can I edit the TRIN indicator code?
Yes. The code is unprotected and able to be edited.
What language is the TRIN indicator code written in?
The code is written in TradeStation EasyLanguage. This is a very easy programming language to understand and many customers have been able to translate it for use on their own charting programs. The only requirement is that your charting program has access to TRIN data.
With all the trading system inputs set to True, only 1 contract trades and only 1 set of entries and exits is generated. How do I fix this?
You need to turn on multiple contracts. In TradeStation go Format Strategies > Properties for All > and then tick Allow up to 50 entry orders.
What is the logic behind the "Double Up" input in the example TRIN systems?
The "Double Up" input allows the systems to double the number of contracts traded on the next trade after a losing trade. This is a useful trick in improving system performance, however, from a statistician's perspective it is not logical. They would argue that all trades are independent and that the probability of a winning trade after a losing trade is no different than after a winning trade. However, from a practical perspective, if you have a robust system that does not have long losing streaks and you are sufficiently capitalized then the "Double Up" input will improve system performance.
Do you trade the Better TRIN Systems yourself?
Yes. I swing trade a sub-set of the Better TRIN Systems - the best signals, if you like. I have chosen these particular signals based on more extensive back-testing of the Better TRIN Systems.

 

Purchasing Questions

Is the price a one-time fee or recurring monthly charge for the software?
There is just one payment for the Better TRIN Indicators and NO recurring charges.
How secure is the payment process?
All payments are processed by PayPal with their industry leading focus on data encryption and customer protection.
Do all the fields in the payment information need to be filled in?
No. Just the fields marked with an asterisk (*). If the input field does not make sense, just type in n/a.
Can I buy if I live outside the US?
Yes. All you need is a credit card or PayPal account.
I don't have a credit card. How else can I pay?
Payment by bank transfer (eCheque/eCheck) and PayPal balance are also accepted.
How often are the indicators updated and what does each update cost?
The Better TRIN Indicators have been updated once since they were released 6 months ago. This release was free to all existing customers. The next planned update will be in 2 months and again will be free to all existing customers.

 

Any other questions? Please send an email via the contact form. To purchase click on the download button below or return to the Better TRIN Indicators page here.

 

Better TRIN Indicator Package   $67  (USD)

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