Summation

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 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