The McClellan Oscillator



The McClellan Oscillator & Summation Index

Every day that stocks  are traded, financial publications list the number of stocks that closed higher (advances) and that closed lower (declines). The difference  between these numbers is called the daily breadth. The running cumulative  total of daily breadth is known… more

More on How NOT To Use Indicators


How NOT To Use Indicators

Several subscribers recently forwarded to us a link to a web article claiming that the McClellan Oscillator and Summation Index do not work. Unfortunately, the author of the article did not spend time learning what these indicators measure, nor how to… more

Calculating the McClellan Oscillator


Oscillator Breaking Zero

There are several different issues simultaneously wrapped up in your question, and I will try to address a few of them. First, taking the Oscillator down to zero is not that hard to do under the current conditions (high Summation Index). … more