trade timing signals - using Advance-Decline line tools

[rimshot]

cumulative net Advance-Decline lines in histogram format for:

$SPX

https://stockcharts.com/c-sc/sc?s=%21ADLINESPX&p=D&st=2019-10-31&i=p09170486617&a=607135436&r=1586705560320

$NDX

https://stockcharts.com/c-sc/sc?s=%21ADLINENDX&p=D&st=2019-10-31&i=p79188051400&a=607135438&r=1586705626223

NYSE "common stocks only" version

https://stockcharts.com/c-sc/sc?s=%21ADLINENYC&p=D&st=2019-10-31&i=p65132280718&a=607135437&r=1586705703010

$INDU

https://stockcharts.com/c-sc/sc?s=%21ADLINEDOW&p=D&st=2019-10-31&i=p78916418505&a=607135439&r=1586705937527

charts above display cumulative Advance-Decline breadth lines
which are the cumulative total of daily net Advance-Decline values

Common Stock Only indicators for the NYSE are calculated using only the # of stocks
for operating companies within the NYSE Composite Index (funds are excluded)
CSO indicators often present a more accurate internal picture for the NYSE Composite Index
The NYSE All Issues indicators are calculated using all issues traded in the NYSE Composite Index

McClellan Oscillator

The McClellan Oscillator is the difference between the 19-EMA & 39-EMA of daily advances minus declines.
It reflects the short-term strength and direction of market liquidity.
A longer-term view is provided by the McClellan Summation Index, which is the cumulative total of the daily McClellan Oscillator values.
These indicators move within a trading range and often identify the overbought/oversold condition of the market

McClellan Summation Index

( McSum = McClellan Summation Index )

the dominant rule is: price will eventually follow the direction of the McSum, except for brief periods of price divergence

The McSum is neutral at the zero line,
bullish while above,
and confirmed bearish while below zero

* the distance down or up to the McSum zero line currently represents
one objective measure of the minimum movement that is possible

Confirmed sell signals are a lasting decline below the McSum zero line,
though price action has usually declined by a large amount by the time
zero is reached from the McSum peak above.

Large distances between the McSum daily chart values represent acceleration events in the A-D breadth decline or advance,
and the follow-on price impact has a high correlation with the McSum's direction, and usually has several days staying power