Traditional McClellan Oscillator

Compare Fast and Slow Raw Breadth

Install and import

npm install fintech-algorithms

import { calculateMcClellanValues } from "fintech-algorithms/market-breadth-and-internals/mcclellan-family/traditional-mcclellan-oscillator";

Signature

calculateMcClellanValues(netAdvances)

Worked example

No runnable example is available for this topic yet. The article works the calculation through by hand.

Read the worked example →

Other exports

This module also exports calculateMcClellan. Every module additionally exports run as an alias of its primary function, and a meta object carrying its catalog id, domain, family, shape and article URL.

Diagrams

Calculation flow

flowchart LR
    A["Source revisions"] --> B["Keep available-at or before cutoff"]
    B --> C["Resolve one head per expected session"]
    C --> D{"All evidence ready, complete, and coherent?"}
    D -- "No" --> E["Emit non-resolved result with no points"]
    D -- "Yes" --> F["Net Advances = A - D"]
    F --> G["Seed or update fast 10% trend"]
    F --> H["Seed or update slow 5% trend"]
    G --> I{"Both states ready?"}
    H --> I
    I -- "No" --> J["Emit resolved warm-up point"]
    I -- "Yes" --> K["Oscillator = fast - slow"]
    K --> L["Emit point with revision and diagnostics"]

How it works

This page states the contract — how to call it correctly. The article explains the concept: why it works, and where it breaks.

Read the article →

References

• Calculating the McClellan Oscillator — McClellan Financial Publications; explanation by Tom McClellan
• The McClellan Oscillator and Summation Index — McClellan Financial Publications
• 2004 MTA Lifetime Achievement Award booklet — Sherman and Marian McClellan / McClellan Financial Publications
• StockCharts ChartSchool methodology — StockCharts.com
• Schwab thinkorswim McClellanOscillator — Charles Schwab / thinkorswim
• Nasdaq A-D definition — Nasdaq, Inc.
• Nasdaq Trader Daily Market Files — Nasdaq, Inc.
• Daily Market Summary Data Fields and Definitions — Nasdaq, Inc.
• Evidence and design reconciliation