Scripting Example – McClellan Oscillator

Optuma Forums Optuma Scripting Scripting Example – McClellan Oscillator

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    The McClellan Oscillator was developed by Sherman and Marian McClellan. Based on breadth data (NYSE Advance and NYSE Decline) and exponential Moving Averages the indicator can be setup in Optuma using scripting.

    Use the following script with a Show View tool.  (Note: To use the script you must have Optuma’s Breadth Measures data exchange.)


    The final result will look like this:


    • This topic was modified 2 years ago by Matthew.
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    To create the McClellan Summation Index use the ACC() function with the formula above, as per this example for the SPX advance/declines:


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