Name: 什麼是McClellan振盪器？ (What is The McClellan Oscillator?)
Uploaded: 2021-01-14T05:40:44.000Z
Duration: 1 min 11 s
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Welcome to the Investors Trading Academy talking glossary of financial terms and events.

Our word of the day is “MCCLELLAN OSCILLATOR” Developed by Sherman and Marian McClellan,

the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing

issues less the number of declining issues. Subtracting the 39-day exponential moving

average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator.

As the formula reveals, the McClellan Oscillator is a momentum indicator that works similar

to MACD. McClellan Oscillator signals can be generated with breadth thrusts, centerline

crossovers, overall levels and divergences. Usually, a small number of assets making large

gains characterize a weakening bull market. This gives the perception that the overall

market is healthy, but in reality it isn't, as rising prices are being driven by a small

number of stocks. Conversely, when a bear market is still declining, but a smaller amount

of assets are declining, an end to the bear market may be near.

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什麼是McClellan振盪器？ (What is The McClellan Oscillator?)

average

reveal

day

decline