McClellan OscillatorNYMO
麦克莱伦振荡器
Sentiment & DerivativesP2Market BreadthApplies to: US stocks
Formula
First compute ratio-adjusted net advances RANA=(advances − declines)/(advances + declines), then EMA19(RANA) − EMA39(RANA) (StockCharts standard; taking the EMA directly on raw net issues is an early simplified version that distorts as constituent count grows)
How to read it
>0 bullish, <0 bearish; extreme values overbought/oversold, divergences common.
Outputvalue/series
Data source: StockCharts. Public knowledge, not investment advice.
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Related indicators
Reference metadata — public, well-known indicator definitions. Not investment advice.