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Categories:Market Breadth Analysis
McClellan Oscillator is a breadth indicator derived from Net Advances, which is the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator.
McClellan Oscillator is a market breadth indicator that is based on the difference between the number of advancing and declining issues on a stock exchange, such as the New York Stock Exchange (NYSE) or NASDAQ.
A cumulative chart creates a running total of the periodic values for an indicator. Basically, this indicator adds the periodic value when positive and subtracts the periodic value when negative. Just like Histogram charts, Cumulative charts are best suited for indicators where the daily values fluctuate between positive and negative values. ADP net advances expressed as a percentage
The McClellan oscillator is a market breadth indicator used in technical analysis by financial analysts of the New York Stock Exchange to evaluate the balance between the advancing and declining stocks
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