The Traderszone Network

Published in TZ Latest News 16 March, 2015 by The TZ Newswire Staff

McClellan Oscillators Remain Negative

The NYSE McClellan Oscillator ($NYMO) turned negative on March 4th and moved below -25 on March 6th, while the Nasdaq McClellan Oscillator ($NAMO) also turned negative on March 4th, but did not move below -25 until March 10th (red arrows). As these charts show, chartists can use crosses of the zero line for signals or set a bullish-bearish threshold to reduce whipsaws. There were dozens of crosses above/below the zero lines over the last six months. By using +25 and -25 to qualify signals, chartists can reduce whipsaws significantly.

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