LazyBear

McClellan Oscillator [LazyBear]

Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator.

As the formula reveals, the McClellan Oscillator is a momentum indicator that works similar to MACD.

McClellan Oscillator signals can be generated with breadth thrusts, centerline crossovers, overall levels and divergences.

I have added the following options:
- Can choose Advancing/Declining issues of any market. Default is NYSE.
- Can show the EMAs and/or oscillator.
- Ratio Adjusted Calculation mode (as explained in the stockcharts link below) or default mode.
- Can use custom timeframe. Default is chart timeframe.

More info:
stockcharts.com...school/doku.php?id=chart_s...

Complete list of my indicators:
docs.google.com...ByMEvm5MLo/edit?usp=sharin...

Thanks @mpinky for pointing out the StockCharts version of this oscillator.


List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
Skrip open-source

Dalam semangat TradingView, penulis dari skrip ini telah mempublikasikannya ke sumber-terbuka, maka trader dapat mengerti dan memverifikasinya. Semangat untuk penulis! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.

Inggin menggunakan skrip ini pada chart?
//
// @author LazyBear 
// List of all my indicators: 
// https://docs.google.com/document/d/15AGCufJZ8CIUvwFJ9W-IKns88gkWOKBCvByMEvm5MLo/edit?usp=sharing
//
study("McClellan Oscillator [LazyBear]", shorttitle="MO_LB")
advissues=input(defval="ADVN", title="Advancing Stocks Symbol", type=symbol)
decissues=input(defval="DECN", title="Declining Stocks Symbol", type=symbol)
isRA=input(true, title="Stockcharts version (Ratio Adjusted)?")
rm=input(defval=1000, title="RANA ratio multiplier")
showEMAs=input(false, title="Show EMAs?")
showOsc=input(true, title="Show Oscillator?")

useCTF=input(false, title="Use Custom Timeframe?"), 
tf=useCTF?input("D", type=resolution, title="Custom Timeframe"):period
ai=security(advissues, tf, close), di=security(decissues, tf, close)
rana=rm * (ai-di)/(ai+di)
e1=isRA?ema(rana, 19):ema(ai-di, 19),e2=isRA?ema(rana, 39):ema(ai-di, 39)
mo=e1-e2

hline(0, title="ZeroLine")
plot(showOsc?mo<0?mo:0:na, style=area, color=red, title="MO_Negative")
plot(showOsc?mo>=0?mo:0:na, style=area, color=green, title="MO_Positive")
plot(showOsc?mo:na, style=line, color=black, title="MO", linewidth=2)
plot(showEMAs?e1:na, color=blue, linewidth=2, title="19 EMA")
plot(showEMAs?e2:na, color=red, linewidth=2, title="39 EMA")