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Old 04-04-2011, 05:01 PM   #1

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McClellan Daily
Anyone use McClellan oscillator for swing trades? It had a very strong buy at the recent bottom.

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Old 04-04-2011, 05:10 PM   #2

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Re: McClellan Daily
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Originally Posted by daVinciLite »
Anyone use McClellan oscillator for swing trades? It had a very strong buy at the recent bottom.

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how do you read this indicator?
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Old 04-04-2011, 08:36 PM   #3

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Re: McClellan Daily
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how do you read this indicator?
It has been around for a while. The summation index is long term and the oscillator below it is short term. It is an advanced way of looking at breadth: advancing shares minus declining shares. A lot of big money looks at breadth to gage the market.

I learned about it in "The Secret Science of Price and Volume" by Timothy Ord

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