The Complete Guide to Market Breadth Indicators by Greg Morris
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By special
permission of the publisher, McGraw-Hill, read the entire chapter, "Breadth
Indicators".
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Breadth of Fresh Air by Greg Morris
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The McClellan Summation Index is a summation of the McClellan
Oscillator. In other words, a simple calculation of adding the
current
McClellan Oscillator to the total of all previous McClellan
Oscillators. The McClellan Oscillator, itself, is calculated using "advancing issues" and
"declining issues". So you can calculate this indicator on
any
index or ETF where historical advancing and declining issues
is available.
Traditionally, unless you calculated
the needed historical statistics yourself, this highly regarded indicator could only be
applied to the major exchange composites, the NYSE Composite, AMEX
Composite and NASDAQ Composite. Using our historical data, this
indicator can now be applied to all the indexes and ETFs on our
Compilation List. |
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Here's a Filter For Short Term
Indicators Breadth Of Fresh Air
As published in the December,
2005 issue of "Technical Analysis of
Stocks & Commodities"
Magazine |
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Look Inside Greg's Book |
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Expert guidance to help you use market breadth indicators in
your investments.
Capsule descriptions of more than 80 leading breadth indicators--what
they are, what they mean, and when and how to use each!
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"This book should be called the Encyclopedia of Market Breadth
because it includes every form of market breadth known to man. A
must for any serious student of this important and overlooked
subject." |
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--Martin Pring, Author,
Technical Analysis Explained
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