Technical Analysis Learning Center

The McClellan Oscillator

First created back in 1969, the McClellan Oscillator has come to be recognized by technical analysts as the essential tool for measuring acceleration in the stock market. Using advance-decline statistics, it gives overbought and oversold indications, divergences, and measurements of the power of a move.

• The McClellan Oscillator & Summation Index
• Oscillator Breaking Zero
• Calculating the McClellan Oscillator
• Tom’s Tool Box

weekly Chart in Focus

NYSE’s New Highs Confirm Uptrend

Feb 26 - Oil’s Leading Indication for Stocks Feb 19 - Real Yields and the Dollar Feb 12 - Birth Rate and the Stock Market Feb 05 - The Volatility of Volatility Jan 29 - Unusual Stochastic Makes Good Oscillator

Chart Interpretation

• Short Term Price Oscillator
• 20/40-Week Cycle Phase Shift
• Is There a 40.68-month Cycle?
• Nature of the Linear Progression Across the Liquidity Spectrum
• Rydex Asset Numbers
• Fibo Retracement Phenomenon
• “Is you is, or is you ain’t, in an uptrend?”
• 40-Week Cycle Length
• New Use for Correlation Coefficients
• Is a January Decline Bearish? (20/40-week Cycle)
• Oscillator Breaking Zero
• Fishhook Rules
• Trend Line Touch points

Economic Relationships

• Personal Consumption Expenditures for Gasoline
• Contango/Backwardation in Oil and Gold
• The Avocado Effect and the Hog Cycle
• Oil Prices Could Be Our Boll Weevil
• Fed Waking Up To Inflation Problem
• Unemployment and Interest rates
• Bond-Oil Headscratcher

History and Background

• Who First Came Up With Moving Averages?
• Meaning of Short, Intermediate, and Long Term Time Frames
• West Coast Cycles Club
• Optionetics Interview with Tom McClellan
• Sherman McClellan’s Presentation to the Market Technicians Association

Market Data Questions

• Useful Analysis Links
• Ratio Adjusted Summation Index
• Differences in Sources of A-D Data
• Backwardation and Contango
• The Meaning of Minor McClellan Oscillator Changes
• Decimalization and its Effect on Breadth Numbers
• Exponential Moving Averages Calculation
• Trend Indicator calculation
• The Gods Must be Crazy (Amplitudes Changed)
• How McClellan Oscillator moves up on down day
• Calculating Indicators in Daily Edition Table
• Rydex Asset Numbers
• Summation Index and Zero
• Trend Line Touch points
• TC2000 Charting Package and Exponential Moving Averages
• Real-time NASDAQ Advance Decline Data
• A-D Data: Composite, or Operating Companies Only
• Calculating the McClellan Oscillator
• Can the McClellan Oscillator be used for day trading?
• Exponential Versus Simple Moving Averages

Special Market Reports

• S&P 500: First day of the month tendency
• Oil Prices Could Be Our Boll Weevil
• Fed Waking Up To Inflation Problem
• Does Crude Oil Exhibit Support/Resistance Behavior?
• Sherman McClellan’s Presentation to the Market Technicians Association
• Wall St. Does Not Like Attention From Washington
• Wars, Disasters, and Their Impact on the Market