OPEN-SOURCE SCRIPT
McClellan Summation Index
Based on the description in Murphy, Tech. Analysis of Financial Markets. Wikipeadia also has a good description:
en.wikipedia.org/wiki/McClellan_oscillator
Without warranty - please trade based on your own analysis and let me know if you find any errors in the script.
en.wikipedia.org/wiki/McClellan_oscillator
Without warranty - please trade based on your own analysis and let me know if you find any errors in the script.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.