McClellan Oscillator

The McClellan Oscillator is a technical market indicator, which characterizes the market width through analysis of a number of growing and falling instruments in the period and is one of the most widely used indicators of this type.

This is how the indicator looks like in the chart:

Settings

Short period - Setting of the short period value.

Long period - Setting of the long period value.

Common

Source - Setting of the indicator calculation parameters:

• Open
• High
• Low
• Close
• Volume

Drawing

Panel - Selection of the indicator location in the chart:

• New panel
• Chart

McClellan Oscillator

Show value/Showing the current value - Display of the indicator value to the left on the price scale.

Scale/Auto-scaling - If this option is ON, the scale will be automatically calculated based on the indicator minimum and maximum values, so that the indicator would fit in in the chart.

Color - The color indicator setting.

Visual type - Visual setting of the indicator display in the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - Setting of the line display type:

• Solid
• Dash
• Dot
• Dash - dot
• Dash - dot - dot

Width/Thickness - Setting of the indicator line thickness.