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Finance: What is the Arms Short Term Trading Index? 13 Views


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Description:

What is the Arms Short Term Trading Index? The Arms Index is used to predict future market behavior. It gives investors an idea of what may happen in the market on a very short-term basis, typically within a day or the span of a few days. Its predictions come from an analysis of trading volumes of stocks but are meant to reflect the market as a whole.

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Transcript

00:00

finance a la shmoop what is the Arms Short Term Trading Index not to be

00:08

confused with the short arms term trading index a run by this guy all [Man with dinosaur for a head sitting at a desk]

00:13

right Richard Arms invented it in the 70s and then a journalist cleverly

00:18

renamed it Trin.... short for trading index very clever

00:24

yeah well Trin as in Rin Tin is just an index for the advanced decline ratio in

00:31

the stock market and if you haven't seen our video on it oh well you should we've

00:35

had George Clooney of fortune so directed the computation of the Trin [George Clooney directing a show]

00:39

looks like this Trin equals advanced issues divided by declining issues all

00:44

over advanced volume divided by declining volume....

00:49

So note that this equation maps volume as an element of the computation so it's

00:54

meaningfully more useful than just the vanilla advanced decline ratio and hey [Man discussing equation]

00:59

just keeping it real their advanced decline ratio we love you but you're [Advanced decline ratio laying on sofa eating doughnuts]

01:03

just not as good all right well so if we compute things we get a value of 1 and

01:08

well that's good or rather a bullish sign that the market "wants to go

01:13

up" above one is bearish and at premiums of 30 40 50 percent ie [Bear walking by a river]

01:18

calculations of 0.5 very bullish to 1.5 very bearish well those are signs that

01:26

have been validated by actual market performance over time well why would we

01:31

care about this calculation in the first place, well if we get the answer right as [Man staring at a crystal ball]

01:36

to where the markets going well you know we can make a fortune

01:39

yeah ask Warren Buffett... [Warren eating dinner]

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