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McClellan Summation Index

The McClellan Summation Index, developed by Sherman and Marian McClellan, is a long-term version of their McClellan Oscillator that is better suited to help identify potential major trend reversals.

The McClellan Oscillator is a market breadth indicator that is based on the smoothed difference between the numbers of advancing/declining statistics. In depth coverage of the McClellan Oscillator is provided in their book “Patterns for Profit”.

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Interpretation

The Summation Index is interpreted in much the way same as the McClellan Oscillator is. Please refer to the McClellan Oscillator's Notes for additional details.

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