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mojave

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Posts: 38
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



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fib_1618

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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

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mojave

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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.

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hiker

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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

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mojave

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Reply with quote  #5 

Tks Hiker, here's what I've done...

I made an effort to keep this simple using tools readily available at SC, and most importantly, I'd like to ensure it remains meaningful and useful. I'm not sure I've succeeded... 

I had to create 2 charts for each sector: #1 shows price, a 'modified PMO' that is NOT McSum but per Hiker above offers a 'semblence' of one..., and OBV cuz that's what Carl Swenlin uses and after comparing it to Acc/Dist, CMF, Money Flow and others I'm happy enough w/ OBV.  

Chart #2 shows the MCO & Components as discussed in my initial post at the top of  this thread. 

THIS IS XLB (Materials Sector) as of 17 Aug:
XLB.JPG 

Apologies for the small screenshot from my chartlist; when I post the 2 charts individually they re-size completely differently and nothing 'lines up.'

 


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