Monday, July 05, 1999
What is the McClellan Oscillator, which is shown on CNBC daily?
It is a market breadth indicator, measuring the percentage of stocks participating in a particular move based on the number of advancing and declining issues of a particular market.
Buy signals are typically generated when the oscillator falls into the green oversold area of minus 70 to 100 and then turns up. Sell signals are generated when the oscillator rises into the green overbought area of plus 70 to 100 and then turns down. Readings in the red region, called the extreme zone, indicate a continuation of the current trend.
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