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SORRY, it did not come thru quite right. Try contacting me at
jbond2@xxxxxxxxxx I'll send the code again by Email.
John
> Hi Chas,
> I just saw your post for McCellan Oscillator. If you still need it
> --- here it is:
>
> { *******************************************************************
>
> Study : McClellan Oscillator
>
> Last Edit : 1/19/96
>
> Provided 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");
>
> #BeginAlert
> if checkalert and plot1 crosses above 0 or plot1 crosses below 0 then
> alert = TRUE;
> #End;
>
> #BeginCmtry
> if AtCommentaryBar
> then begin
> String1="";
> SignalFlag=0;
> String1=String1+"Conventional Interpretation: ";
> if plot1 > 0 and plot1[1] <=0
> then begin
> String1=String1+"The \hbMcClellan Oscillator\he
> ("+NumToStr(plot1,2)+") has crossed above zero. ";
> String1=String1+"This generally signals a market \hbbottom\he. ";
> SignalFlag=1;
> end
> else if plot1 < 0 and plot1[1] >=0
> then begin
> String1=String1+"The \hbMcClellan Oscillator\he
> ("+NumToStr(plot1,2)+") has crossed below zero. ";
> String1=String1+"This generally signals a market \hbtop\he. ";
> SignalFlag=1;
> end
> else begin
> String1=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 begin
> if plot1 < .90 and plot1 > plot1[1]
> then begin
> String1=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. ";
> end
> else if plot1>=.90 and plot1 > plot1[1]
> then begin
> String1=String1+"The \hbMcClellan Oscillator\he is
> \hboverbought\he and may be signaling";
> String1=String1+" that a \hbtop\he is close here. Look for price
> weakness to confirm";
> String1=String1+" this outlook. ";
> end
> else if plot1 < .90 and plot1 < plot1[1]
> then begin
> String1=String1+"The \hbMcClellan Oscillator\he is somewhat
> \hboverbought\he";
> String1=String1+" and is declining. Look for at least a modest
> downturn here. ";
> end
> else if plot1>=.90 and plot1 < plot1[1]
> then begin
> String1=String1+"The \hbMcClellan Oscillator\he is
> \hboverbought\he and is declining. ";
> String1=String1+"This generally indicates a \hbtop\he.";
> end;
> end
> else if plot1 <=0
> then begin
> if plot1 >-1.50 and plot1 < plot1[1]
> then begin
> String1=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. ";
> end
> else if plot1<=-1.5 and plot1 < plot1[1]
> then begin
> String1=String1+"The \hbMcClellan Oscillator\he is \hboversold\he
> and may be signaling";
> String1=String1+" that a \hbbottom\he is close here. Look for
> price strength to confirm";
> String1=String1+" this outlook. ";
> end
> else if plot1 >-1.50 and plot1 > plot1[1]
> then begin
> String1=String1+"The \hbMcClellan Oscillator\he is somewhat
> \hboversold\he and ";
> String1=String1+" is rising. Look for at least a modest advance
> here. ";
> end
> else if plot1<=-1.5 and plot1 > plot1[1]
> then begin
> String1=String1+"The \hbMcClellan Oscillator\he is \hboversold\he
> and 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 McClellan
> Oscillator and the McClellan Summation Index?
> > Thank you for any feedback you can provide.
> >
> > Chas
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