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It's a simple MACD (difference between two moving averages) which uses
19 and 39 periods and no smoothing on (Advancing Issues minus Declining
Issues). Some prefer to use a so-called normalized version (AI/Total
Issues) - (DI/Total Issues) but I've never found the difference to be
worth the bother. Issues data varies by data source - I use the
WSJ/Barron's numbers.
Earl
----- Original Message -----
From: "Dr. John Cappello" <jvc689@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 16, 2000 9:53 AM
Subject: [RT] Mc Clellan Oscillater
> Need help:
>
> Can anyone provide the calculations and any references as to source
for the
> subject oscillater.While I see it on CNBC,searches have been no
help.It
> seems to be useful in some daytrading research as a confirming
indicater but
> I need to learn more.
>
> Public or private response welcome.
>
> Sincerely,
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