McClellan Indicator

[fortuna]

How is it calculated ?

I think there are some EMA. Where can I get the formulas for EMA

Thanks for any response

 

[trader42]

try

http://www.marketscreen.com/help/atoz/default.asp?hideHF=&Num=61

http://www.marketscreen.com/help/atoz/default.asp?hideHF=&Num=67

 

[steve46]

The McClellan Indicator was developed by General Randolph McClellan, a U.S. Civil War era figure. I have never been able to make the indicator function properly, and if McClellan were still alive, I would take my revenge by beating him senseless with a golf club, then flying (or taking a cruise ship) to Europe to avoid prosecution. Best Regards, Steve46

 

[fortuna]

This indicator is one of my favourites to time the market

 

[nononsense]

Quote from steve46:

The McClellan Indicator was developed by General Randolph McClellan, a U.S. Civil War era figure. I have never been able to make the indicator function properly, and if McClellan were still alive, I would take my revenge by beating him senseless with a golf club, then flying (or taking a cruise ship) to Europe to avoid prosecution. Best Regards, Steve46

Quote from fortuna:

This indicator is one of my favourites to time the market

nononsense

 

[pspr]

The McClelland Oscillator is just a 19 period exponential moving average (EMA) minus a 39 period EMA of the advancing issues minus the declining issues.

Here is an explanation of the EMA

http://www.asx.com.au/markets/l4/ExponentialMovingAverage_AM4.shtm