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Dear John,
The quote from "The McClellan Market Report":
"The McClellan Oscillator is the numerical difference between two
exponential moving averages which we call 10% Trend and 5% Trend. To
calculate the value of today's 10% Trend, first subtract declines from
advances. Multiply this number by 0.1, then add it to 0.9 times yesterday's
10% Trend value. Use the same process for the 5% Trend value, instead
multiplying A-D by 0.05, and yesterday's 5% Trend by 0.95.
Generally speaking, the McClellan Oscillator is bullish when positive
and bearish when negative, but its patterns also have great interpretive
value for the experienced analyst.
The same calculations can be done using up volume and down volume in
place of advances and declines."
The best book about McClellan oscillator (and the only one I know of) was
written by Sherman and Maryann McClellan "Patterns for Profit" (containing
many historical charts) and is available from McClellan Financial
Publications, Inc., P.O. Box 39779, Lakewood, WA 98439-0779. Tel
800-872-3737, Fax 253-584-8194, email: tmcclellan@xxxxxxxxxxxxxx (About
$25-$30?)
McClellan oscillator data and charts are also available at
<www.decisionpoint.com>
Yours, Alex.
At 11:53 AM 3/16/00 -0500, Dr. John Cappello wrote:
>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,
>
>John
>
>P.S.As a Graham follower in the investment arena it is nice to see value
>having a day or two.
>______________________________________________________
>Get Your Private, Free Email at http://www.hotmail.com
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