M c C L E L L A N O S C I L L A T O R

The McClellan Oscillator is a market-breadth indicator based on the smoothed
difference between the number of advancing and declining issues of a particular
market. MCCL IS CONDIDERED by many actors as a useful tool in determining the best market entry and
exit points.


Going through many graphs I find it quite useless

Anaybody did follow that indicator ?
 
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