McClellan

McClellan Oscillator – smoother – indicator MetaTrader 5

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McClellan Oscillator - smoother - indicator for MetaTrader 5
Theory : In 1969, based on Haurlan’s use of advance and decline data, Sherman and Marian McClellan developed the McClellan Oscillator. This oscillator is the difference between two exponential moving averages of advances minus declines. The two averages are an exponential equivalent to a 19-day and 39-day moving average. The rationale for this oscillator is … Read more

McClellan Summation Index – smoother – indicator MetaTrader 5

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McClellan Summation Index - smoother - indicator for MetaTrader 5
Theory : This is a natural “offspring” of the McClellan oscillator (that was originally published here : McClellan Oscillator – smoother). It is using the same smoother for calculation (instead of EMA) and in this version it is also producing much smoother results Usage : The same way described in the oscillator description McClellan Summation … Read more

McClellan Oscillator – smoother with discontinued signal lines – indicator MetaTrader 5

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McClellan Oscillator - smoother with discontinued signal lines - indicator for MetaTrader 5
Theory : McClellan oscillator, as is (originally published here : McClellan Oscillator Smoother) is a bit difficult to use due to lack of obvious signals. This version is adding discontinued signal lines to it in order to help finding signals in an easier way Usage : You can use color changes as signals McClellan Oscillator … Read more

McClellan Summation Index – smoother with floating levels – indicator MetaTrader 5

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McClellan Summation Index - smoother with floating levels - indicator for MetaTrader 5
Theory : McClellan summation index, as is (originally published here : McClellan Summation Index – Smoother) is a bit difficult to use due to lack of obvious signals. But, unlike the McClellan oscillator, the summation index does not necessarily oscillate around the zero value. This version is adding floating levels to it in order to … Read more

McClellan Oscillator – smoother with floating levels – indicator MetaTrader 5

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McClellan Oscillator - smoother with floating levels - indicator for MetaTrader 5
Theory : One version of McClellan oscillator that does not use the slope change, but some levels (discontinued signal lines in this case) was published here : McClellan Oscillator Smoother with DSL . This version is using floating levels (as more flexible and that do not dpened on any fixed value of the indicator) instead … Read more