Definitions
In plain terms
Multiplying by 1,000 expresses the fraction of net advancing issues as points per 1,000 moving issues without changing which side is stronger.
Technical
In the canonical ratio-adjusted McClellan transform, k equals 1,000 in r = k(A-D)/(A+D), so k controls output magnitude but not sign or scale-invariance to proportional count changes.
Scope
The value 1,000 belongs to this canonical methodology; changing it changes reported units and must not be presented as the same series.
Examples
- A mover-balance ratio of 0.2 becomes 200 breadth points when the scale factor is 1,000.
Common misconceptions
- The scale factor does not represent the actual number of securities in the universe.
Concept relationships
Prerequisites
Where this concept is used
Evidence and governance
- Ratio Adjusted Summation Index McClellan Financial Publications · first party methodology
Supports: preferred label, short definition, technical definition, formula, units
Limits: Historical interpretive thresholds are not universal trading rules; the source does not prescribe the package's evidence or software failure policies.
- Reviewed by
- fintech-builder-owner-approved
- Last reviewed
- 2026-07-26
- Next review
- 2027-07-26
- Record status
- published