McClellan Volume Summation Index The Advance/Decline Line (AD Line) is a breadth indicator which is calculated by taking the difference between the number of advancing and declining issues and adding the result to the previous value. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index was developed with a base level of 10 for the 1941-43 base period. NYSE McClellan Oscillator Gold Moving Lower Despite Covid-19 Gold futures fell $52/oz on Thursday, March 12, the same day that stock prices fell 10% and everyone is worried about catching Covid-19. When the Summation index is unable to clear +500 before retreating, this is a clear sign that stocks are having weak bounces only to be slammed back down again. Looking back at the NYSE Summation Index chart you will again see a number of runs at the -500 area without the market being able to successfully test and push through the +500.
McClellan Volume Summation Index The Advance/Decline Volume Line is a breadth indicator which is calculated by taking the difference between the volume of advancing and declining issues and adding the result to the previous value. SPX Benchmark Index +12.8% Keybot the Quant Algorithm Program +40.0% 2009 Returns: SPX Benchmark Index +23.5% Keybot the Quant Algorithm Program +80.0% 2008: Keybot the Quant Algorithm Go-Live Date 11/23/08 McClellan Volume Summation Index The Advance/Decline Line (AD Line) is a breadth indicator which is calculated by taking the difference between the number of advancing and declining issues and adding the result to the previous value. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index was developed with a base level of 10 for the 1941-43 base period.
By adding up all of the daily values of the McClellan Oscillator, one can produce an indicator known as the McClellan Summation Index. It is the basis for intermediate and long term interpretation of the stock market’s direction and power. When properly calculated and calibrated, it is neutral at the +1000 level. The DecisionPoint Market Indicator ChartPack includes a ChartList of the McClellan Oscillator/Summation Index for the major indexes (NYSE, NASDAQ, NDX, SPX, OEX, DJIA, SP400 and SP600). I was reviewing these charts and found that the Summation Index is very overbought and rising on all of these indexes.
View McClellan Summation Index market breadth indicator for major US indexes: S&P 500, Dow Jones, Nasdaq, Nasdaq 100, NYSE and Russell. 27 Jun 2019 The McClellan Summation Index is a long-term version of the McClellan Oscillator, which is a market breadth indicator based on stock The Summation Index is simply a running total of the McClellan Oscillator values. Even though it is called a Summation Index, the indicator is really an oscillator
McClellan Volume Summation Index The McClellan Oscillator (MO) is a market breadth indicator that is based on the smoothed difference between the number of advancing and declining issues. It generally reflects money coming into the market when positive and it portrays money leaving the market when negative. The McClellan Volume Summation Index (MVSI) is a breadth indicator which is calculated as a running total of the McClellan Volume Oscillator values. Its interpretation is similar to that of the McClellan Volume Oscillator except that it is more suited to major trend reversals.