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McClellan Oscillator

Known for Identifying Market Trends

Table of content

General Information
Characteristics
Facts

Application
Technical Details
Usage
Evaluation
Performance Metrics
Alternatives
FAQ

General Information

Indicator Type 📊

The category or classification of the trading indicator based on its primary function and analysis method.

Breadth

McClellan Oscillator is a Breadth type indicator. Measures market participation and overall market health, useful for assessing trend strength Click to see all.
Asset Class 💰

Specifies the financial instruments for which the indicator is most commonly used

Stocks

The asset classes McClellan Oscillator is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
Made In 🌍

The country or origin of the trading indicator

United States

McClellan Oscillator was developed in United States. Indicators developed in the USA, reflecting American trading principles

Characteristics

Lagging or Leading 🏁

Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.

Leading

McClellan Oscillator is a Leading indicator. Indicators that predict future price movements Click to see all.
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

Advanced

The complexity level of McClellan Oscillator is Advanced. Sophisticated indicators designed for traders with extensive market knowledge and experience. Click to see all.
Popularity 🏆

Indicates how widely used and recognized the indicator is in the trading community

Medium

The popularity of McClellan Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness

Facts

Interesting Fact 💡

An intriguing or lesser-known fact about the trading indicator

Created by Sherman and Marian McClellan in 1969
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

It's like taking the market's temperature with a fancy thermometer

Application

Timeframe 🕑

The time intervals or periods for which the trading indicator is most effective or commonly used.

Daily

McClellan Oscillator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Technical Details

Calculation Method 🧮

The mathematical or analytical approach used to compute the trading indicator's values.

Statistical

McClellan Oscillator uses the Statistical calculation method. Indicators using statistical methods for market analysis and prediction. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

Crossovers

McClellan Oscillator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes

Thresholds

McClellan Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧

Lists the parameters that can be adjusted to fine-tune the indicator

Smoothing

McClellan Oscillator offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.

Usage

For whom 👥

The target audience or user group for the trading indicator

Market Analysts

McClellan Oscillator is designed for Market Analysts. Provides comprehensive market insights, useful for in-depth analysis and forecasting Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Market Breadth Analysis

McClellan Oscillator is primarily used for Market Breadth Analysis. Indicators that measure overall market participation and health Click to see all.

Evaluation

Pros 👍

Advantages of using the trading indicator

Effective For Overall Market Analysis

Indicators providing broad insights into overall market conditions

Good For Timing Entries/Exits
Cons 👎

Disadvantages or limitations of the trading indicator

Specific To Stock Markets

Indicates that some indicators are designed primarily for stock market analysis. Click to see all.

Complex Calculation

Indicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.

Performance Metrics

Reliability Score 💯

A score indicating the overall reliability of the trading indicator

8

The reliability score of McClellan Oscillator is 8 out of 10. Click to see all.
Ease of Use Score 💻

A score representing how user-friendly and intuitive the trading indicator is

6.5

The ease of use score for McClellan Oscillator is 6.5 out of 10. Click to see all.
Versatility Score 🔀

A score indicating the adaptability of the trading indicator across different markets and timeframes

7

The versatility score of McClellan Oscillator is 7 out of 10. Click to see all.
Customization Score 🔧

A score representing the degree of customization available for the trading indicator

6.5

The customization score for McClellan Oscillator is 6.5 out of 10.
Score ⭐

The overall score of the trading indicator based on various performance metrics

7

The overall score of McClellan Oscillator is 7 out of 10. Click to see all.

Alternatives to McClellan Oscillator

Choppiness Index

Known for Identifying Trending Vs Choppy Markets

🔀 is more versatile than McClellan Oscillator

🔧 is more customizable than McClellan Oscillator

⭐ is rated higher overall than McClellan Oscillator

Triple Exponential Average (TRIX)

Known for Filtering Out Market Noise

🔀 is more versatile than McClellan Oscillator

🔧 is more customizable than McClellan Oscillator

⭐ is rated higher overall than McClellan Oscillator

Chaikin Money Flow (CMF)

Known for Identifying Accumulation/Distribution

💻 is easier to use than McClellan Oscillator

⭐ is rated higher overall than McClellan Oscillator

Elder-Ray Index

Known for Combining Trend And Momentum

🔀 is more versatile than McClellan Oscillator

🔧 is more customizable than McClellan Oscillator

⭐ is rated higher overall than McClellan Oscillator

Commitment Of Traders (COT)

Known for Insight Into Institutional Positioning

Aroon Indicator

Known for Measuring Time Between Highs And Lows

💻 is easier to use than McClellan Oscillator

🔀 is more versatile than McClellan Oscillator

🔧 is more customizable than McClellan Oscillator

⭐ is rated higher overall than McClellan Oscillator

Balance Of Power (BOP)

Known for Measuring Market Sentiment

💻 is easier to use than McClellan Oscillator

Awesome Oscillator (AO)

Known for Simplicity And Effectiveness

💻 is easier to use than McClellan Oscillator

⭐ is rated higher overall than McClellan Oscillator

Chaikin Oscillator

Known for Accumulation/Distribution Trends

💻 is easier to use than McClellan Oscillator

🔧 is more customizable than McClellan Oscillator

⭐ is rated higher overall than McClellan Oscillator

Known for Combining Strengths Of Two Popular Indicators

🔀 is more versatile than McClellan Oscillator

🔧 is more customizable than McClellan Oscillator

⭐ is rated higher overall than McClellan Oscillator

FAQ about McClellan Oscillator