All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.


PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at
http://www.technicalwatch.com/subs.htm




Support Technical Watch!
Buy from our Book Store!
Register Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
mojave

TW Member
Registered:
Posts: 36
Reply with quote  #1 
Fwiw, I recently had a short email exchange w/ Arthur Hill re his 'other site'.  His reply:

You are very welcome. These breadth indicators help me stay on the right side. 
 
Btw, you can create the McClellan Oscillator for the sector SPDRs using AD Percent. Your note prompted me to write a “How to” article for ChartWatchers this weekend. 
 
 
Cheers, Art



0
fib_1618

Moderator
Registered:
Posts: 4,423
Reply with quote  #2 
Yes, this link was brought to my attention over the weekend and forgot to share it.

Now...if there was only a way to generate the Summation data as well.

Fib

__________________
Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

0
mojave

TW Member
Registered:
Posts: 36
Reply with quote  #3 
Example Chart (SP Materials Sector):

sc.png 

Unfortunately Summation is not so easy - but you can input data into Excel and create a custom chart on SC.

0
hiker

TW Member
Registered:
Posts: 8,859
Reply with quote  #4 
hi mojave -

see my observation summary below

you can check out this observation I have made over the years for the Sector Spyders by comparing the same chart settings for each U.S. stock index. 

* You will have to take my word for my history of observing like comparison of the PMO & McSum on the Sector Spyders. [banghead]

Summary:

1. the degree of slope and the overall directional shift timing window for Carl Swenlin's settings on the daily PMO vs. the McSum are similar, though not precise

2. the location vs. the zero line are similar timing and chart locations sometimes, depending on the index/Sector

3. the relative distance from the zero line are sometimes similar

4. the look back utility does often exist for comparing current PMO & McSum higher high or lower high, lower low or higher low ... but again depends on the symbol being charted

I noticed this by chance because I plot the PMO & McSum together on each index and sector chart

* here is the PMO setting used by DP & Carl/Erin, for those who are not aware:

http://stockcharts.com/articles/decisionpoint/2017/05/dp-scoreboards-pmo-sell-signals-reflect-big-shift-in-momentum.html#.WRy5QMg60rA.twitter

__________________

Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:






Copyright 2000-2017 Technical Watch