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Thank you John for your considred time and
attention.
Best regards,
Chas
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
jhnbond
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, July 06, 2004 11:10
PM
Subject: [RT] Re: Mc CLELLAN EL
CODE
-Hi Chas,I just saw your post for McCellan
Oscillator. If you still need it--- here it is:{
*******************************************************************
Study : McClellan OscillatorLast Edit : 1/19/96Provided By
: Omega Research, Inc. (c) Copyright
1996********************************************************************}Vars:
SignalFlag(0), String1("");Plot1(XAverage(Close of data1 - Close of
data2,19) of data1-XAverage(Close of data1 - Close of data2,39) of
data1,"McClellan");#BeginAlertif checkalert and plot1 crosses
above 0 or plot1 crosses below 0 then alert =
TRUE;#End;#BeginCmtryif AtCommentaryBar then
beginString1="";SignalFlag=0;String1=String1+"Conventional
Interpretation: ";if plot1 > 0 and plot1[1] <=0 then
beginString1=String1+"The \hbMcClellan
Oscillator\he("+NumToStr(plot1,2)+") has crossed above zero.
";String1=String1+"This generally signals a market \hbbottom\he.
";SignalFlag=1;endelse if plot1 < 0 and plot1[1] >=0
then beginString1=String1+"The \hbMcClellan
Oscillator\he("+NumToStr(plot1,2)+") has crossed below zero.
";String1=String1+"This generally signals a market \hbtop\he.
";SignalFlag=1;endelse beginString1=String1+"The \hbMcClellan
Oscillator\he("+NumToStr(plot1,2)+") generates a signal when it crosses
zero. ";String1=String1+"This is not the case
here.";end;String1=String1+NewLine;String1=String1+NewLine;String1=String1+"Additional
Analysis: ";if SignalFlag=1 then String1=String1+" No Additional
Analysis: "else if plot1 >0 then beginif plot1 < .90 and
plot1 > plot1[1] then beginString1=String1+"The \hbMcClellan
Oscillator\he is nearer\hboverbought\he than
\hboversold\he,";String1=String1+" but may become more overbought before
reversing. A reading over .90";String1=String1+" generally occurs
before a \hbtop\he is formed. ";endelse if plot1>=.90 and plot1
> plot1[1] then beginString1=String1+"The \hbMcClellan
Oscillator\he is \hboverbought\he and may be
signaling";String1=String1+" that a \hbtop\he is close here. Look for
priceweakness to confirm";String1=String1+" this outlook.
";endelse if plot1 < .90 and plot1 < plot1[1] then
beginString1=String1+"The \hbMcClellan Oscillator\he is
somewhat\hboverbought\he";String1=String1+" and is declining. Look for
at least a modestdownturn here. ";endelse if plot1>=.90 and
plot1 < plot1[1] then beginString1=String1+"The \hbMcClellan
Oscillator\he is \hboverbought\he and is declining.
";String1=String1+"This generally indicates a
\hbtop\he.";end;endelse if plot1 <=0 then beginif plot1
>-1.50 and plot1 < plot1[1] then beginString1=String1+"The
\hbMcClellan Oscillator\he is nearer\hboversold\he than
\hboverbought\he,";String1=String1+" but may become more oversold before
reversing. A reading below -1.50 ";String1=String1+"generally occurs
before a \hbbottom\he is formed. ";endelse if plot1<=-1.5 and plot1
< plot1[1] then beginString1=String1+"The \hbMcClellan
Oscillator\he is \hboversold\heand may be
signaling";String1=String1+" that a \hbbottom\he is close here. Look
forprice strength to confirm";String1=String1+" this outlook.
";endelse if plot1 >-1.50 and plot1 > plot1[1] then
beginString1=String1+"The \hbMcClellan Oscillator\he is
somewhat\hboversold\he and ";String1=String1+" is rising. Look
for at least a modest advancehere. ";endelse if plot1<=-1.5 and
plot1 > plot1[1] then beginString1=String1+"The \hbMcClellan
Oscillator\he is \hboversold\heand is rising. This
";String1=String1+" generally indicates a \hbbottom\he.
";end;end;commentary(String1);End;#End;If you need
anything else let me know, best wishes,John Bond-- In
realtraders@xxxxxxxxxxxxxxx,
"Charles Meyer" <chaze@xxxx> wrote:>
Group-> > Does anyone know where I might obtain the EL code for
the McClellanOscillator and the McClellan Summation Index?> Thank
you for any feedback you can provide.> >
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