Indicators explained links |
GENERAL The McClellan Oscillator, Intermediate Term Breadth (ITBM) and Summation index are breadth-based indicators derived from the daily advances-declines on the New York Stock Exchange. The most important information is the market breadth indicators are best used in determining ST and IT market risk not price action. A Buy Signal means the underlying market breadth momentum is bullish while a Sell Signal means the underlying market breadth momentum is bearish. Based on the current signals there is a higher probability of being successful when trading with the ST and IT underlying market breadth momentum trend. |
Indicators explained links |
The Summtion index is a Long-Term indicator which oscillates in relation to a Zero line. The normal range of movement is between Zero and +2000. Movement below the Zero line is bearish while movement above +2000 is consdered bullish. Historical extremes are +4000 and -2000 Look for major bottom when the Summation Index falls below 1300. · Look for major tops to occur when a divergence occurs with the market when the Summation Index is above +1600. · The beginning of a significant bull market is indicated when the Summation Index crosses above +1900 after moving upward more than 3600 points from its prior low (e.g., the index moves from -1600 to +2000.) The Summation index wll be updated weekly |
ITBM = BUY McOSCI = BUY SUMMATION =TOPPED |
