||McClellan Summation Index
The McClellan Summation Index
is a market breadth indicator developed by Sherman and Marian McClellan.
It is a long-term edition of the McClellan Oscillator and its understanding
is alike to that of the McClellan Oscillator except that it is more
suitable to the most significant trend reversals. For interpretation
refer to "Patterns for Profit", by Sherman and Marian McClellan.
The summation index is plotted by attaching the CumSum function
to the McCllellan Oscillator.
||CumSum(EMA(Close(0), 19) - EMA(Close(0), 39), 250)
Download to import into Tradecision.
How to use this custom indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click the Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
Now you can insert the indicator directly into a price chart or modify it like any other in-built indicator.