MARKETVOLUME

The Ultimate Guide To Using The McClellan Oscillator For Market Breadth

The McClellan oscillator.

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If we see that any of our content is published on other website, our first action will be to report this site to Google and Yahoo as a spam website. Market in a week? Up The same as now Down I don't know. Market in a month? Market in a year? The simplified formula for determining the oscillator is: Difference between advances and declines shows whether we have more advancing or more declining stocks on the NYSE. Dominance of the advancing stocks is considered as bullish Breadth sentiment and higher number of declining stocks is considered as bearish Breadth sentiment By applying day and 39 day EMAs to the difference between advances and declines we define shorter-term day and longer-term day Breadth sentiment.

Therefore, crossovers of McClellan Oscillator and zero center around which it oscillates line would have following meaning: When McClellan Oscillator crosses above zero line it tells us that "day EMA of advances minus declines" crossed above "day EMA of advances minus declines" which indicates that an increase in the number of advancing stocks on the NYSE Exchange is strong enough to consider it as a signal of possible up-move on the NYSE index.

When McClellan Oscillator crosses below zero line it tells us that "day EMA of advances minus declines" crossed below "day EMA of advances minus declines" which indicates that an increase in the number of declining stocks on the NYSE Exchange is strong enough to consider it as a signal of a possible down-move on the NYSE index. When above zero it is considered to be bullish positive growth.

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References 3 The Chart Pattern Trader: Sometimes used to refer to closing price.

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