IFT warning of bullish explosion

I have an indicator using a scan of the entire market, pulling out all stocks that are giving a IFT buy signal, vs all that are giving a IFT sell signal. I run the mcClellan Oscillator on this data. And it has turned up for the first time since late january prefacing the Feb 5 bottom. It has been dropping during this recent meltup but instead of a sell off we just got a sideways kind of upside bias. Now it may be forcasting a huge rally. I dont know what to call this indicator. any ideas? ITF consensus??