|
PureBytes Links
Trading Reference Links
|
The McClellan Oscillator is a 19 EMA - 39 EMA. It is similar to the
MACD except that MACD uses 12 EMA and 26 EMA. The quickest
way to get info on these indicators is at the Equis site:
http://www.equis.com/free/taaz/
The easiest way to use the McClellan Oscillator and McClellan Summation
Index is to use a composite of advancers minus decliners. I have
a MetaStock Layout with the NYSE and Nasdaq McClellan Oscillator/Summation
index charts. I don't really look at NYSE stocks anymore though.
In addition to the regular McClellan indicators, there are also ratio-based
indicators which are more reliable because they aren't affected by added
securities on the exchanges over the years. I also have formulas
and charts for those.
Daniel.
John Manasco wrote:
Absolutely. A McClellan Oscillator can be created
out of any index that
broadcasts advancing and declining issues.
John Manasco
----- Original Message -----
From: Denis Trover
To:
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
|