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:
Short period - Setting of the short period value.
Long period - Setting of the long period value.
Source - Setting of the indicator calculation parameters:
Panel - Selection of the indicator location in the chart:
- New panel
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:
- Up arrow
- Down arrow
- Axis label
Line style - Setting of the line display type:
- Dash - dot
- Dash - dot - dot
Width/Thickness - Setting of the indicator line thickness.
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