Market Breadth.

Ashvin asks:
“do u use volume&market sentiment indicators like trin,a/d line etc.. in u r trading strategy.
if no then why?
if yes which indicator and why?”

My Notes: Interesting question. I will bypass the question about my trading strategy. Instead, I am discussing the use of breadth indicators in my market analysis. I use two indicators – the Mclellan Oscillator and a proprietor indicator. The Mclellan Osc is well respected in the TA universe. You can google and get lot of information on it.
Here is a bit of advertising. Trend Analyzer, the newest technical analysis software has an amazing list of options for traders which are actually (a) easy to use, and, (b) usable in trading. The following chart for McClellan osc was created with data & tools available in Trend Analyzer.

Intermediate Trend change signals come on two counts: (a) Divergences and (b) crossings of the zero line. At A, the Osc crossed from below to above, giving a bullish signal. At B & C, it found support at zero suggesting sn ongoing uptrend. At D, currently, we do not know what the osc will do, find support or cross to the downside. We will find out soon enough. Earlier, we have seen a divergence between prices and the osc which suggested that the up move was over at least in the short term.