McClellan Oscillator

[eSignal_JasonK]

Hello Alex/Bigtee,

Actually, TS Support wrote the first versions using open. I'm not sure why. I just stuck with the same logic in the later versions I modified. I don't see why you couldn't use close. That would actually make more sense to me. Perhaps TS Support was following a special set of instructions from the source they used when creating the first versions.

[bigtee]

Thanks Jason and Alex. The question on the open was an afterthought. And its no problem for me to change it.

The real question had to do with a strange behavior when I run it in real time in the Summation mode. It loads fine. Then after short time ( a minute or two) the plot line explodes upwards, or downwards and doesn't return. I am running this on an intraday chart. It doesn't exhibit this problem in the non Summation mode. And it exhibits the same problem in both simple and exponential ma's.

Any idea why? Can you duplicate this behavior? Slap it on a 15 min chart of something and check it out.

Thanks

bigtee

[ACM]

bigtee
I have been running two charts since the open this morning (one of IBM and the other ES H5 both 5 minutes) to try and replicate the issue and I am not seeing any of that behavior.
What is your Time Template set to? It should be set to 9:30-16:00 EST (or equivalent if in other time zone) since those are the trading times of $ADD.
Alex

[bigtee]

My Time Template is set to 8:30-15:00 CST. Dynamic.
I'm running it on a 15 min Chart of SMH.

I guess I should also say I'm running v7.6R3

bigtee

[eSignal_JasonK]

Hello bigtee,

There was an error in the summation logic. Should be like this;

if (bSum == "On") {
    vOsc_ret = vOsc_ret1 + vOsc;
} else if (bSum == "Off") {
    vOsc_ret = vOsc;
} 

I corrected it in the attached.

[ACM]

That explains then why I was not seeing that behavior. The version I was running already included that correction.
Alex

[bigtee]

Thanks guys.
I'm running the one that is not the histogram, the one in the library. As soon as that one is updated I"ll check it out. Hopefully you won't hear from me again on this one.


bigtee

[eSignal_JasonK]

Hello bigtee,

The version in the Library already had the correct logic. Are you using the version below?

McClellanOsc2.efs

[bigtee]

Jason, I am now using the one you pointed to and it is working great. Thanks.

Not sure where I got the one that did not work, but it doesn't matter.

bigtee

[ACM]

Greg
The attached revision of the McClellan oscillator now includes a moving average. Also added to the Edit Studies parameters is an option to plot the oscillator as a histogram or a line.
Alex

[bigtee]

Alex, great. That's what I was getting ready to do.... add a mov ave. Saved me some work. Now if I just had the option to make the signal Ma an exponential or simple......


bigtee

[gwika]

McClellan OSC2

Alex
That is exactly what I was looking for.
Thanks a million......Greg

[fanie]

Time interval

Thank you for the reply with the McClellan Oscillator.

Is it possible to use it with a 5, 10 minute charts etc?

[ACM]

fanie
If you are asking if the study can be run on intraday charts the answer is yes.
Alex

[fanie]

McClellan

Thank you so much again for fast response.

Is it perhaps possible for you to post a 2 min and 5 min chart of the McClellan say with the ES in the main chart and the McClellan in the sub window?
Just want to compare to see if mine is working all right.

Thank you very much