Re: Ref. mc Clellan Oscillator Indicator Set-Up

["Glen Wallace" <gcwallace@xxxxxxxx>]

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