

Once the indicator reverses and goes above the oversold line at 25, a buy signal is triggered (green arrows on the chart in figure 2).

The NYMO is the value of McClellan Oscillator showing market breadth based on the difference between the number of advancing and declining issues on NYSE stock exchange.

The ratios for NYSE and NASD can help you understand if the current trend of the day is bullish, bearish, or neutral.
