McClellan Oscillator was created by Sherman and Marian McClellan, this breadth indicator is helpful in analyzing the momentum in the market
"Understanding the McClellan Oscillator: A Key Tool for Analyzing Market Breadth and Trends"
The McClellan Oscillator is a market breadth indicator derived from the difference between the 19-day and 39-day exponential moving averages of the net advances and declines of stocks. It helps traders identify potential trend reversals and market momentum.
















