McClellan Summation of Indexed Data Formula - Arithmetic Fractions


Formula:

Todays 5% Index = ((Todays Adv minus Decl - Prior Days 5% Index) * 0.05) + Prior Days 5% Index

Todays 10% Index = ((Todays Adv minus Decl - Prior Days 10% Index) * 0.10) + Prior Days 10% Index

Summation Index = 1000 - (9 * 10% Index) + (19 * 5% Index)


where,

Todays Adv minus Decl = Todays Advances minus Declines

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