McClellan Oscillator For ThinkOrSwim

[Mike]

How can I plot Bollinger Bands (any length, any standard deviation) on the McClellan Oscillator regardless of what CASE e.g. NYSE, NASDAQ, etc. I'd like to chart in a subgraph? Scratching my head on this one after several hours. Thanks!

 

[SleepyZ]

How can I plot Bollinger Bands (any length, any standard deviation) on the McClellan Oscillator regardless of what CASE e.g. NYSE, NASDAQ, etc. I'd like to chart in a subgraph? Scratching my head on this one after several hours. Thanks!

This is generally how one adds a bollinger band to another indicator.

#
# TD Ameritrade IP Company, Inc. (c) 2009-2022
#

declare lower;

input exchange = {default NYSE, NASDAQ, AMEX};
input fastLength = 19;
input slowLength = 39;
input over_bought = 100;
input over_sold = -100;
input ratioAdjusted = No;

plot McClellanOsc = reference McClellanSummationIndex(exchange = exchange, "fast length" = fastLength, "slow length" = slowLength, "ratio adjusted" = ratioAdjusted).mcClellanOsc;
plot OverBought = over_bought;
plot OverSold = over_sold;
plot ZeroLine = 0;

McClellanOsc.SetDefaultColor(GetColor(1));
OverBought.SetDefaultColor(GetColor(5));
OverSold.SetDefaultColor(GetColor(5));
ZeroLine.SetDefaultColor(GetColor(3));

def price = mcclellanOsc;
input displace = 0;
input length = 20;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;
input averageType = AverageType.Simple;

def sDev = stdev(data = price[-displace], length = length);

plot MidLine = MovingAverage(averageType, data = price[-displace], length = length);
plot LowerBand = MidLine + num_Dev_Dn * sDev;
plot UpperBand = MidLine + num_Dev_Up * sDev;

LowerBand.SetDefaultColor(GetColor(0));
MidLine.SetDefaultColor(GetColor(1));
UpperBand.SetDefaultColor(GetColor(5));

 

[Mike]

Thank you! I defined price incorrectly vs. "def price = mcclellanOsc;"

 

[Mac Trader]

Can this be done with keltner channel?

 

[SleepyZ]

Can this be done with keltner channel?

See if this helps

#
# TD Ameritrade IP Company, Inc. (c) 2009-2022
#

declare lower;

input exchange = {default NYSE, NASDAQ, AMEX};
input fastLength = 19;
input slowLength = 39;
input over_bought = 100;
input over_sold = -100;
input ratioAdjusted = No;

plot McClellanOsc = reference McClellanSummationIndex(exchange = exchange, "fast length" = fastLength, "slow length" = slowLength, "ratio adjusted" = ratioAdjusted).mcClellanOsc;
plot OverBought = over_bought;
plot OverSold = over_sold;
plot ZeroLine = 0;

McClellanOsc.SetDefaultColor(GetColor(1));
OverBought.SetDefaultColor(GetColor(5));
OverSold.SetDefaultColor(GetColor(5));
ZeroLine.SetDefaultColor(GetColor(3));

def price = mcclellanOsc;
declare weak_volume_dependency;

input displace = 0;
input factor = 1.5;
input length = 20;

input averageType = AverageType.SIMPLE;
input trueRangeAverageType = AverageType.SIMPLE;

def shift = factor * MovingAverage(trueRangeAverageType, TrueRange(price, price, price), length);

def average = MovingAverage(averageType, price, length);

plot Avg = average[-displace];
Avg.SetDefaultColor(GetColor(1));

plot Upper_Band = average[-displace] + shift[-displace];
Upper_Band.SetDefaultColor(GetColor(8));

plot Lower_Band = average[-displace] - shift[-displace];
Lower_Band.SetDefaultColor(GetColor(5));

 

[Mac Trader]

See if this helps

Thanks!

 

[stt31]

This is generally how one adds a bollinger band to another indicator.

Is there a possibility to added a red color when McClellan goes below 0 and turns negative? I am using the standard one from thinkorswim, but when negative it shows the same color as possible. Thanks!

 

[Logan]

I have looked but can't seem to find a study that marks the price chart when the McClellan Osc. crosses above or below the zero line. Anything like this available? Thanks for any help.

 

[BenTen]

Here you go:

#
# TD Ameritrade IP Company, Inc. (c) 2009-2023
#

input exchange = {default NYSE, NASDAQ, AMEX};
input fastLength = 19;
input slowLength = 39;
input over_bought = 100;
input over_sold = -100;
input ratioAdjusted = No;

def McClellanOsc = reference McClellanSummationIndex(exchange = exchange, "fast length" = fastLength, "slow length" = slowLength, "ratio adjusted" = ratioAdjusted).mcClellanOsc;
def OverBought = over_bought;
def OverSold = over_sold;
def ZeroLine = 0;

plot bullish = if McClellanOsc crosses above ZeroLine then low else double.nan;
plot bearish = if McClellanOsc crosses below ZeroLine then high else double.nan;
bullish.setPaintingStrategy(PaintingStrategy.ARROW_UP);
bearish.setPaintingStrategy(PaintingStrategy.ARROW_DOWN);

 

[Harapa]

Is there a possibility to added a red color when McClellan goes below 0 and turns negative? I am using the standard one from thinkorswim, but when negative it shows the same color as possible. Thanks!

I modified the standard indicator for the same reason.
Added capibility to plot it on intraday charts. Refer to "periodicity" to indicate multiple to make it equal to daily version eg. on 30 min chart use 13
------------------------------------------------------------------------------------------
declare lower;

input exchange = {default NYSE, NASDAQ, AMEX};
input fastLength = 19;
input slowLength = 39;
input periodicity = 1;
input ratioAdjusted = Yes;
input isCumulative = Yes;

def advances;
def declines;
switch (exchange) {
case NYSE:
advances = close("$ADVN");
declines = close("$DECN");
case NASDAQ:
advances = close("$ADVN/Q");
declines = close("$DECN/Q");
case AMEX:
advances = close("$ADVA");
declines = close("$DECA");
}
def breadth;
def neutral_level;
def over_bought;
def over_sold;

if (ratioAdjusted) {
breadth = 1000 * (advances - declines) / (advances +
declines);
neutral_level = 0;
over_bought = 500;
over_sold = -500;
} else {
breadth = advances - declines;
neutral_level = 1000;
over_bought = Double.NaN;
over_sold = Double.NaN;
}

def emaFastCorr = ExpAverage(CompoundValue(1, if !IsNaN(breadth) then breadth else emaFastCorr[1], 0), fastLength*periodicity);
def emaSlowCorr = ExpAverage(CompoundValue(1, if !IsNaN(breadth) then breadth else emaSlowCorr[1], 0), slowLength*periodicity);
def mcClellanOsc = if !IsNaN(close) then emaFastCorr - emaSlowCorr else Double.NaN;
def mcClellanSummationIndex = mcClellanSummationIndex[1] + if !IsNaN(breadth) then mcClellanOsc else 0;

plot SummationIndex;
if IsNaN(close) {
SummationIndex = Double.NaN;
} else if (isCumulative) {
SummationIndex = neutral_level + mcClellanSummationIndex;
} else {
SummationIndex = neutral_level + mcClellanOsc - (10 * emaFastCorr + 20 * emaSlowCorr);
}
plot OverBought = over_bought;
plot OverSold = over_sold;
plot NeutralLevel = neutral_level;

SummationIndex.DefineColor("Up", GetColor(1));
SummationIndex.DefineColor("Down", GetColor(0));
SummationIndex.AssignValueColor(if SummationIndex > SummationIndex[1] then SummationIndex.color("Up") else SummationIndex.color("Down"));
OverBought.SetDefaultColor(GetColor(5));
OverSold.SetDefaultColor(GetColor(5));
NeutralLevel.SetDefaultColor(GetColor(7));

 

[preintel]

How do I make the McCellan Oscillator indicator cloud a solid color:

input exchange = {default NYSE, NASDAQ, AMEX};
input fastLength = 19;
input slowLength = 39;
input over_bought = 100;
input over_sold = -100;
input ratioAdjusted = No;

def McClellanOsc = reference McClellanSummationIndex(exchange = exchange, "fast length" = fastLength, "slow length" = slowLength, "ratio adjusted" = ratioAdjusted).mcClellanOsc;
def OverBought = over_bought;
def OverSold = over_sold;
def ZeroLine = 0;

AddCloud(McClellanOsc, ZeroLine, Color.GREEN, Color.Red);

AddLabel(1, "McCellan: " + McClellanOsc , IF McClellanOsc > 0 then Color.GREEN else Color.RED);

#plot bullish = if McClellanOsc crosses above ZeroLine then low else double.nan;
#plot bearish = if McClellanOsc crosses below ZeroLine then high else double.nan;
#bullish.setPaintingStrategy(PaintingStrategy.ARROW_UP);
#bearish.setPaintingStrategy(PaintingStrategy.ARROW_DOWN);

 

[MerryDay]

How do I make the McCellan Oscillator indicator cloud a solid color:

No. Unfortunately, the ToS app does not provide for solid color clouds.

 

[Chrys]

This is generally how one adds a bollinger band to another indicator.

Is it possible to show the thinkscript for the McClellan Osc with Bollinger Bands?

 

[Popeious]

I have looked but can't seem to find a study that marks the price chart when the McClellan Osc. crosses above or below the zero line. Anything like this available? Thanks for any help.

I wrote a script that you might be interested in
https://usethinkscript.com/threads/mcclellan-oscillator-study-visualizer.20411/