Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=24282
Forum: 17 · Topic 24282 · 7 post(s)
Apprentice · Wed Oct 10, 2012 10:19 am

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. McClellan Oscillator= 19-day EMA of RANA - 39-day EMA of RANA Ratio Adjusted Net Advances (RANA)= (Advances - Declines)/(Advances + Declines)
As You know on Forex market, we do not have a single currency, according to which all others are measured. Therefore I have add menu which allows you to select the nominal currency for calculation.
The indicator was revised and updated
Apprentice · Wed Oct 10, 2012 10:23 am

Apprentice · Wed Oct 10, 2012 10:27 am

Apprentice · Wed Oct 10, 2012 10:37 am

McClellan Summation Index = McClellan Summation Index [-1] +McClellan Oscillator
Apprentice · Wed Oct 10, 2012 3:00 pm
Updated. Please re-download all indicator, I found a few bugs.
Alexander.Gettinger · Thu Apr 03, 2014 12:36 pm
MQL4 version of indicators: viewtopic.php?f=38&t=60493.
Apprentice · Fri Jun 16, 2017 7:15 am
The indicator was revised and updated.