McClellan oscillator: Difference between revisions
Created a stub article of the McClellan Oscillator to support the Hindenburg Omen article. (Most of the heavy math is already the exponential moving average article.) |
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The McClellan Oscillator a market breadth indicator used by financial analysts of the [[New York Stock Exchange]] to generally indicate the rate of money entering or leaving the market and interpretively indicate overbought or oversold conditions of the market. Developed by Sherman and Marian McClellan in 1969, the Oscillator is computed using the [[exponential moving average]] (EMA) of the daily ordinal difference of advancing issues (stocks which gained in value) from declining issues (stocks which fell in value) over 39 trading day and 19 trading day periods. The simplified formula for determining the Oscillator is: |
The '''McClellan Oscillator''' a market breadth indicator used by financial analysts of the [[New York Stock Exchange]] to generally indicate the rate of money entering or leaving the market and interpretively indicate overbought or oversold conditions of the market. Developed by Sherman and Marian McClellan in 1969, the Oscillator is computed using the [[exponential moving average]] (EMA) of the daily ordinal difference of advancing issues (stocks which gained in value) from declining issues (stocks which fell in value) over 39 trading day and 19 trading day periods. The simplified formula for determining the Oscillator is: |
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Oscillator = (19-day EMA of Advances minus Declines) - (39-day EMA of Advances minus Declines) |
Oscillator = (19-day EMA of Advances minus Declines) - (39-day EMA of Advances minus Declines) |
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[[Category:Mathematical finance]] |
[[Category:Mathematical finance]] |
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[[Category:Technical analysis]] |
[[Category:Technical analysis]] |
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{{finance-stub}} |
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Revision as of 05:09, 14 September 2007
The McClellan Oscillator a market breadth indicator used by financial analysts of the New York Stock Exchange to generally indicate the rate of money entering or leaving the market and interpretively indicate overbought or oversold conditions of the market. Developed by Sherman and Marian McClellan in 1969, the Oscillator is computed using the exponential moving average (EMA) of the daily ordinal difference of advancing issues (stocks which gained in value) from declining issues (stocks which fell in value) over 39 trading day and 19 trading day periods. The simplified formula for determining the Oscillator is:
Oscillator = (19-day EMA of Advances minus Declines) - (39-day EMA of Advances minus Declines)
External links
- Investopedia description of the McClellan Oscillator
- Illustrative description by McClellan Publications of the McClellan Oscillator
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