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Strategies & Market Trends : Waiting for the big Kahuna

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To: Monty Lenard who wrote (19915)6/8/1998 9:21:00 PM
From: Vitas  Read Replies (1) of 94695
 
Monty, the normalized summation index can be calculated in a spreadsheet as follows:

column:

a= date
b= advances
c= declines
d= 10% trend
e= 5% trend
f= McClellan oscillator
g= summation index
h= "calibrated" summation

d3= d2+ .1*((b3-c3)-d2)

e3= e2+ .05*((b3-c3)-e2)

f3= d3-e3

g4= g3+f4

h28= 1000-9*d28+19*e28

h29= h28+f29

The above is from an interview with the McClellans in the June
1994 issue of TASC.

"Due to space limitations, the summation index was calculated after 28 observations. You should calculate the McClellan oscillator for at least 40 periods."

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