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If you want to check anyones values for any oscillator/index, just
calculate it longhand. Use a hand calculator or a spread sheet to do the
calculations. Remember that at CNN and some web sites the calculations
might be done by people who are not traders of any kind and so may not have
a feel for what the numbers should be.
Lionel Issen
At 11:04 PM 2/15/98 -0800, Chip Anderson wrote:
>Re: Value depends on where you start it.
>
>It thought that was true also, but Achelis doesn't indicate that and
>in fact gives bullish and bearish levels (-1300,+1600) which would
>imply that it is independent of starting location. Also, CNBC and a
>couple of websites don't show the curve, just the numbers which seems
>very bogus to me. Can anyone clarify?
>
>Ultimately, I agree that the curve is what's important. Just trying
>to get a full understanding of things.
>
>Chip
>
>---John E Bush wrote:
>>
>> At 05:48 PM 02/15/98 -0800, you wrote:
>> >Can someone who calculates the McClellan Summation Index on a regular
>> >basis please compare their results with the chart on the "Market
>> >Internals" page of my site (http://coolhistory.com/ChipsCharts)? I'm
>> >looking at a different site that is reporting very different numbers
>> >for that index and want to see what values other people are
>> >calculating for it.
>> >
>> >In TAZ, Achelis describes two methods for computing this index. I
>use
>> >the custom function in MS 6.5 with RTD. I have been assuming that
>> >when I've seen different numbers, its because they used the other
>> >method. But now I want to make sure.
>> >
>> >If you do notice a difference between your numbers and mine please
>let
>> >me know. Please let me know your data vendor, your calculation
>> >method, and (most importantly) does the index's curve look like my
>> >chart regardless of the values?
>> >
>> >Final question, what method does CNBC use?
>> >
>> >Thanks in advance,
>> >Chip
>> >
>> Chip,
>> You can find some charts and information at the following site:
>>
>> http://www.decisionpoint.com/DailyCharts/DailyMenu.html
>>
>> My understanding is the value depends on when you start the
>calculation;
>> the curve is what is important.
>>
>> john
>>
>>
>
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