Glossary
Courses & Webinars
Economic events
Modules
  1. Home
  2. Glossary
  3. McClellan Oscillator

McClellan Oscillator

A market breadth indicator developed by Sherman and Marian McClellan in 1969. It is used to gauge the balance between advancing and declining stocks. The McClellan Oscillator is plotted by calculating the Exponential Moving Average (EMA) difference between Advancing Issues (stocks which gained in value) and Declining Issues (stocks which fell in value) over a 19 and 39-period respectively. McClellan Oscillator = 19-period EMA (Advances-Declines) - 39-period EMA (Advances - Declines). A reading above 100 indicates an overbought condition, while a reading below -100 is an oversold condition. A Buy signal is in place when the indicator falls between -70 and -100 and then moves upwards. Similarly, a Sell signal is triggered when the indicator moves above the overbought area between +70 and +100 and then declines.
Need Help? Visit our Help Section

Copyright © 2024 – All rights reserved.

NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.

The website is operated by JME Financial Services (Pty) Ltd an authorised Financial Services Provider, regulated by the Financial Sector Conduct Authority in South Africa under license no. 37166. JME Financial Services (Pty) Ltd is located at Suite 10, 21 Lighthouse Rd 201 Beacon Rock, Umhlanga Rocks, Kwa-Zulu Natal, 4320, South Africa.

JME Financial Services (Pty) Ltd acts as an intermediary between the investor and NAGA Capital Ltd, the counterparty to the contract for difference purchased by the Investor via Naga.com/za. NAGA Capital Ltd is authorised and regulated by the Financial Services Authority Seychelles (FSA) under licence No. SD026. NAGA Capital Ltd is the principal to the CFD purchased by investors on this website. Other group entities: NAGA Markets Europe LTD which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13.

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. Illustrations, forecasts or hypothetical data are not guaranteed and are provided for illustrative purposes only. JME Financial Services (Pty) Ltd does not render advice in respect of the CFD’s offered on this website. Before making an investment decision, you should rely on your own assessment. The Company’s disclaimer, conflict of interest policy are available on legal documents section.

Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.