McClellan Summation Index

外汇网2021-06-19 14:34:59 74

The McClellan Summation Index is a long-term version of the McClellan Oscillator. It is a market breadth indicator, and interptation is similar to that of the McClellan Oscillator, except that it is more suited to major trends.

Usually, a small number of stocks making large gains characterizes 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 stocks are declining, an end to the bear market may be near.

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