McClellan Summation Index

[SyntevaPrime 10]

Hello fellow traders,

 

I have just installed latest update for the TradeStation and cannot find McClellan Summation Index analysis technique. Was wondering if someone can paste the coding for this index, i know it was a part of the packed in previous versions of TS.

 

Thanks in advance,

 

Sash.

[estate1997 10]

Try this.

 

inputs:

AdvIssues( Close of data1 ),

DecIssues( Close of data2 ),

FastLength( 19 ),

SlowLength( 39 ),

OverSold( -70 ),

OverBought( 70 ) ;

 

variables:

McClOsc( 0 ) ;

 

McClOsc = McClellanOsc( AdvIssues, DecIssues, FastLength, SlowLength) ;

 

Plot1( McClOsc, "McClOsc" ) ;

Plot2( OverBought, "OverBot" ) ;

Plot3( OverSold, "OverSld" ) ;

 

{ Alert criteria }

if McClOsc crosses over OverSold then

Alert( "Indicator exiting oversold zone" )

else if McClOsc crosses under OverBought then

Alert( "Indicator exiting overbought zone" ) ;

 

 

{ ** Copyright © 1991-2003 TradeStation Technologies, Inc. All rights reserved. **

** TradeStation reserves the right to modify or overwrite this analysis technique

with each release. ** }

[SyntevaPrime 10]

Hey Estate,

 

Thanx for your reply. You have given me the Oscillator .ela, which is part of the TS package, however I was looking for the SUMMATION index (u can look up the difference on the Investopedia or Stockcharts.com), which is summation of the Oscillator readings.

 

Cheers,

 

S.