This fabulous market breadth indicator is derived from the weekly net volume, the number of advancing volume less the number of declining volume. By applying 2 special moving averages (adaptive and zero-lag moving averages) of net volume this is a perfect market breadth as well as trend indicator.
Below you will find one example of one of the finest market breadth indicators published by WallStreetCourier.com!
Bullish: McClellan Short closes above McClellan Long
Bearish: McClellan Short closes below McClellan Long
Watch out for divergences between the market and that indicator
Why The Crowd Has To Lose All The Time!
The markets are an ever and everything discounting mechanism and the product of the behavior of all their participants and, of course, not everybody can win. In order for every market to function, the majority of the participants have to lose. This majority is usually the uninformed and ignorant crowd, who rather relies on hot tips or even sheer luck like a gambler, instead of doing some homework and spending an extra buck for valuable and useful information.
When will you join the fabulous "Modified McClellan Volume Oscillator Weekly"?
Get a weekly update of this magnificent indicator for the ridiculous rate of only a couple of cents a day
Plus all the other proven indicators of the Wall Street pros!
More information and related content in our Breadth Indicators section: