What is the purpose of the timer chart and where do I find it?
Timer chart is the first link under the SuperPlatinum menu. It is affectionately called Timer Rules as in King or Ruler. It provides a macro picture of the market using non-price based indicators like McClellan Oscillator. This chart has been talked about in many forums in message boards since we put it up. The blue horizontal lines were suggested by Sherman McClellan, those levels have worked for him since he invented the oscillator. They are 150, 100, -100 and -150. Under -150 and over + 150 is what Sherman looks for. The inputs are advancers minus declining issues for the first McClellan Oscillator and up and down volume for the second McClellan Oscillator. We purposely use cap-weighted indices on top. Our bias is a NDX and SPX. By using cap-weighted vs. whole market you discern institutional vs. retail all in one chart. See Trendlines that were drawn 6-8 weeks ago during June of 2002. TradeStation has the ability to automatically extend those lines and we see the value on Tuesday w
