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Absolutely. A McClellan Oscillator can be created out of any index that
broadcasts advancing and declining issues.
John Manasco
----- Original Message -----
From: Denis Trover <dtrover@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, September 30, 1999 4:10 PM
Subject: Re: McClellan oscillator
> John,
> Actually the McClellan oscillator is also of use with other indices,
> especially the NASDAQ. Its creator also uses it with the volume
> indicators for the various markets. I do heartily agree that it has
> little or no value when plotted on a single security.
>
> Denis Trover
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