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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