V.12:6 (264-273): SIDEBAR: THE McCLELLANS' INDICATORS
Product Description
SIDEBAR: THE McCLELLANS' INDICATORS
The McClellan oscillator can be used for measuring changes in momentum of price, volume, advances and declines. The most common use is for measuring the momentum of the New York Stock Exchange (NYSE) listing of the daily number of stocks that advanced and the number of stocks that declined.
The calculation of the McClellan oscillator is a three-step process. First, determine the difference between the number of stocks advancing and the number of stocks declining for each day. This raw number is then smoothed with two exponential moving averages (EMA) to create two different time series. The difference between these two time series is the McClellan oscillator.
The McClellan oscillator can be used for measuring changes in momentum of price, volume, advances and declines. The most common use is for measuring the momentum of the New York Stock Exchange (NYSE) listing of the daily number of stocks that advanced and the number of stocks that declined.
The calculation of the McClellan oscillator is a three-step process. First, determine the difference between the number of stocks advancing and the number of stocks declining for each day. This raw number is then smoothed with two exponential moving averages (EMA) to create two different time series. The difference between these two time series is the McClellan oscillator.
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |