Re: McClellan Summation Index formula?

[LScharpen@xxxxxxx]

In a message dated 11/21/00 7:23:17 PM Pacific Standard Time, 
jbclem@xxxxxxxxxxxxxx writes:

<< I'm trying to set up the McClellan  Summation Index formula(TS 4.0).  I
 took the official Omega McClellan Oscillator formula, plugged in a CUM and
 tried it.  What I got looked like the Summation Index, but the amounts were
 about 3x too high(11/21 was +1446; the McClellan Osc was -5 which is about
 right).
 
 Here is my effort:
 
 Plot1(Cum(Xaverage(Close of data1-Close of data2,19) of
 data1-Xaverage(Close of data1-Close of data2,39) of data1,"McClellanSum");
 
 This verifies; but I think the problem may be that I don't have a starting
 point or starting number for the calculation.  Can someone help me get this
 right.
 
 Also, I looked on the Omega site for the easy language formula section they
 used to have, but it seems to have disappeared.  Is it hidden somewhere?
 
 
 Thanks,  John
 
  >>


John,

Below is the ELA code for the McClellan Oscillator function from TS2000i.  
Hope this helps.  If not, let me know and I'll try to give you a further hand.

Lee Scharpen

{*******************************************************************
Description : returns the McClellan Oscillator value
Provided By : Omega Research, Inc. (c) Copyright 1999 
********************************************************************}

Inputs: AdvIssues(NumericSeries), DecIssues(NumericSeries), 
FastLength(Numeric), SlowLength(Numeric);
Variables: PriceDiff(0);

PriceDiff = AdvIssues - DecIssues;

McClellanOsc = XAverage(PriceDiff, FastLength) of Data1 - XAverage(PriceDiff, 
SlowLength) of Data1;