McClellan Summation Index

The McClellan Summation Index is a long-term version of the McClellan Oscillator, an NYSE market breadth indicator.  The McClellan Summation Index is more suited to major trends.

 

McClellan Summation Index

 

The McClellan Summation Index is a long-term version of the McClellan Oscillator, an NYSE market breadth indicator.  The McClellan Summation Index is more suited to major trends.

 


McClellan Summation Index Formula

The McClellan Summation Index is the ongoing sum of the daily McClellan Oscillator.  The two parameters for the oscillator are the slow and fast Exponential Moving Average periods which are used to compute the McClellan Oscillator values.

McClellan Summation Index Interpretation

 The McClellan Summation Index is a market breadth indicator which indicates a bull market beginning at the trough (minimum point) of the index and ending at the index peak. A bear market is indicated from the peak to the trough of the index.



Chart of McClellan Summation Index overbought and oversold zones

The McClellan Summation Index is a long-term version of the McClellan Oscillator. It is a market breadth indicator, and interpretation is similar to that of the McClellan Oscillator, except that it is more suited to major trends.

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