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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (339)	12/4/1998 12:19:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

Patrick, I saw your post re the differences in the McClellan indicators from one site vs another. According to Technical Analysis from A to Z, by S. Achelis, the McC oscillator is the difference between 10 % (approx. 19-day) and 5% (approx. 39) day EMA of adv-decl issues. The summation index can be calculated two ways. 1. McC Oscillator - ((1010% trend)+ (205% trend))+ 1000 It subtracts 10% (approx. 19 day) and 5% (approx. 39 day) EMA of adv-decl issues from the McC Oscillator, where the 5% trend= 5% EMA of (adv-decl issues) and the 10% trend= 10% EMA of (adv-decl issues). 2. The second method is to calculate a cumulative sum of the McC Oscillator values: Summation Index = Yesterday's Summation Index + McC Oscillator In conclusion, it's a pretty darn good indicator <G> Chess game - it's not mine (my husbands). I'm just the messenger. challo