Re: Ref. mc Clellan Oscillator Indicator Set-Up

[HHP <hhp@xxxxxxxx>]

You can find more about the indicators at:
http://www.decisionpoint.com/
Explore where it says "(Click Here To See Sample Area)".

If you have MStk v.7 you can use the Security function instead of making
composites.

HHP

==========================

Glen Wallace wrote:
> 
> Songyun:
> 
> This is how I set up the McClellan Oscillator:
> 
> 1.  Create a composite security in DownLoader consisting of NYSE
>      Advancing Issues minus NYSE Declining Issues.  Name the new
>      security something like "Adv-Decl Issues."
> 2.  Open the Adv-Decl Issues chart in MetaStock.
> 3.  Create a new inner window.
> 4.  Create two custom indicators in MetaStock:
>      a)  First is the McClellan Oscillator:
>           Mov(CLOSE,19,EXPONENTIAL) -
>           Mov(CLOSE,39,EXPONENTIAL)
>      b)  Second is the McClellan Summation Index:
>           Cum(Mov(CLOSE,19,EXPONENTIAL) -
>           Mov(CLOSE,39,EXPONENTIAL) )
> 5.  Plot the McClellan Oscillator custom indicator in the main chart
>      window over top of the data plot and select "Display New Scale
>      on Right."  This will eliminate the Adv-Decl Issues' scale.
> 6.  Select the Adv-Decl Issues data plot by clicking on it, then right
>      click it and select "Adv-Decl Issues Properties" and change the
>      bar colours to the same colour as your background to make it
>      invisible.  The raw data is needed for indicators, but need not be
>      displayed.
> 7.  Plot the McClellan Summation Index in the inner window.
> 8.  Add whatever base lines you want.
> 
> Hope this helps.
> 
> ----- Original Message -----
> From: Songyun Fox
> To: metastock@xxxxxxxxxxxxx
> Sent: Thursday, July 27, 2000 5:43 AM
> Subject: Ref. mc Clellan Oscillator Indicator Set-Up
> 
> Hello.
> Would someone please tell me step by step on
> how to set-up the Mc Clellan oscillator.
> Songyun