Better TRIN Oscillator update today. I will finish my article on the Better Volume indicator but thought it more relevant to show today’s Better TRIN Oscillator chart.
Better TRIN Oscillator & Systems
The Better TRIN Oscillator turned down today and that was also the signal to exit long positions entered over a week ago. My other oscillators (smart money and put-call ratio) are also over-bought with readings above +100, but yet to turn down. In addition, we’re approaching a cyclical turning point down on the daily chart of the Emini and all the other indices (Dow, NASDAQ and Russell).
As for the systems, there are 5 Better TRIN Oscillator systems (A to E) that I run concurrently, as shown on the chart above. They generated multiple long signals around the bottom of the last down move with an average entry price of 1,423. I also use a simple money management trick of doubling up after a losing trade and in this case a total of 10 contracts were bought (2 for each of the 5 signals). With today’s exit at 1,476 the average profit per contract was 53 points – very nice.
The 5 systems all use the Better TRIN Oscillator and are very simple, each with one line of code for a long signal and the reverse for a short signal. They all share the same exit signal, again just one line of code for exit long and one line for exit short. The systems are included in the Better TRIN Indicator package as examples of what can be done with the Oscillator. I’m sure system writers better than me could improve upon them.
Better TRIN Systems – Equity Curve
Since release the combined equity curve for the Better TRIN Systems has continued to make new highs. The systems appear to be robust since the code is very simple and does not include any optimized or back-tested input values.
Better TRIN Systems – Performance Summary
And here’s the performance summary of the combined systems. The long and short profit factors are evenly matched and both above 3, etc. etc.
Check out the Better TRIN Oscillator and Systems here. The price goes up next week, so if you’re interested, act soon.