This media-on-demand of the audio recording of Richard "Dick" Arms' 1995 seminar presentation at the Technical Analysis Conference (TAG) in Las Vegas, archived as part of the large INO TV stock market and trading educational library. Richard is the inventor of the market indicator Arms Index, better known as the market internal TRIN index, and the Equivolume Charting method. In this seminar workshop, Richard emphasizes actual trading and shows you how these tools combine to form a stand-alone trading system applicable to stocks, futures, and bonds.
Presenter: Richard "Dick" Arms
Length: 90 Minutes
PDF Slides: 30 pages
Format: MP3 Audio and PDF
Original Presentation Date: 1995
You will learn the concepts of Equivolume Charting, which gives volume and price equal weight in determining the anticipated direction of a move, allowing the investor to see not only what is happening but why. The vertical axis in Equivolume Charting still represents price, but the postings are depicted as boxes, the width of which represents volume. You will use the Ease of Movement Oscillator to numerically evaluate the boxes on the chart, taking into consideration the size and shape of each, the direction of price movement, and the magnitude of the move. The value allows us to compare the relative strengths of issues.
You will also learn (from the original developer) the mechanics and practical applications of the Arms Index (short-term trading index), which determines the relationship between the ratio of advancing to declining issues and the ratio of advancing to declining volume. The Arms Index measures the internal dynamics of the market, ascertaining direction and strength of volume. Low Arms Index numbers indicate proportionately greater activity (demand) for an advancing issue — very bullish. Low numbers indicate greater activity around a declining market — bearish. As a moving average, the Arms Index indicates an overbought or oversold condition.
Equivolume displays prices in a manner that emphasizes the relationship between price and volume. Equivolume combines price and volume in a two-dimensional box. For more, see Definitions: Equivolume Charting.
The Arms Index measures the internal dynamics of the market, ascertaining direction and strength of volume. For more, see Definitions: the Arms Index.
Richard Arms, President of the Arms Companies, a division of Lakeview Securities, was born in 1935, and educated at Brown University and the University of New Mexico. Richard manages the Investors Research Fund, a 36 year old, $40 million mutual fund. Since assuming management of the fund on January 1, 1994, Richard has lifted its ranking by Lippers from an "E" to a "B". Richard also manages approx. $80 million for corporate and individual clients. Richard's decisions are 100% based on technical analysis, and specifically on the tools he invented.
In his 30 years on Wall Street, Richard has changed the way analysts think about financial markets. In showing the relationship of volume to price movement, his Arms Index has become one of the most popular tools on Wall Street and appears on all the major stock quotation systems. The Arms Equivolume Charting Method, the first new system of charting since pint and figure charts were introduced in the 1930's, has been widely used by technicians for the last eleven years.
Richard has authored three landmark books on strategic market analysis: Profits in Volume, Volume Cycle in the Stock Market, and The Arms Index. He has written numerous articles for national publications including Barron's and Pension and Investment Age. He publishes the Arms Letter, a daily advisory service for institutions, used by major mutual funds, banks and money managers throughout the United States, Canada, and Europe. he lectures frequency at meetings of market analysts and has made numerous television appearances including wall Street Week with Louis Rukeyser.
Richard has been named the 1995 recipient of the prestigious MTA award for technicians who have made the most significant contributions to the field of technical analysis.
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