McClellan Oscillator

Monday, February 8th, 2010
By M Dabbles
MDabbles's picture

It Just Keeps Getting Uglier and Uglier

The McClellan Oscillator is a breadth indicator calculated from the number of advancing issues less the number of declining issues on the New York Stock Exchange Composite Index. The Oscillator (second window, first chart) is calculated by subtracting the 39-day exponential moving average from the 19-day to give you a good idea of trend in market breadth over time.

The second chart, a point and figure chart of the NYSE Composite Index, is really useful in pinpointing key support and resistance levels independent of time.

Read more

Alert Results

Our subscribers receive these alerts in realtime.
Subscribe today!
Datesort iconTickerTypeProfit
3/10UNGputs30%
3/10/ZOK0short48.5%
2/25PALMputs111%
2/23EUR/JPYshort+200 pips
2/22RIMMshort call100%

Mailing List

Receive updates & articles via email

Poll

Trading Video Series