Apr
13

McClellan Oscillator and Summation Index

Here is a set of indicators for plotting the McClellan Oscillator and Summation Index.

Intro Breadth McClellan Osc_20100413_202903

Requirements

All indicators posted here require 2 links. 1st one for advance issues. 2nd one for decline issues.

Implementation Details

The indicators are written in formula language.

As the McClellan indicators have undergone multiple revisions over the years, the indicators presented here are written in the way the latest McClellan indicators are designed.

Interpretations

Check out McClellan Financial Publications for more information.

Download

McClellan_5Pct_10Pct

McClellan_Osc

McClellan_Summation

Side Notes

I first learnt about market breadth indicators when I just started out trading on Toronto Stock Exchange trading floor many years ago, knowing almost nothing about trading. I gained access, however, to the exchange library where I found many interesting reads. The books and newsletters that Mr. McClellan wrote are some of the written materials that have profound impact on my pursuit on market breadth research.

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