The Nasdaq Summation Index

I received several questions this week regarding some of the charts I post that have to do with the McClellan Oscillator so I thought I would provide some more detailed info on one specific chart: The Nasdaq Summation Index.

Since I obtain these charts from StockCharts website, let’s start with a brief explanation and the calculation info from there:

Also from the link above, a simple view on what to look for : 

Here is a current chart on where the NASI stands at present time (just above the 200 day moving average):

There is additional information in the link above that I recommend you fully read if you are not already aware of this. One final tidbit I will highlight though is from the Conclusion part of the link:

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