McClellan Oscillator Breadth Scan

wtomjones
wtomjones ✭
in Scanning
Anyone know how to create a Scan to run for a McClellan Oscillator?

Comments

  • markd
    markd mod
    The McClellan Oscillator is a market breadth indicator, not an indicator that you can apply to individual stocks. The scan engine runs through a set of symbols you specify (e.g. SP500) and looks for changes in indicators or other values that you specify.

    I tried including a the symbol for the NYSE McClellan Oscillator in a list and running a scan against the list with a condition that was true for !MCOSINYA but the scan returned 'no data available'. So, apparently the scan engine doesn't read indicator symbols (i.e. symbols starting with ! )

    So, if you are looking for McClellan signals, you would look at a chart for the indicator itself.

    The indicator is explained here.

    https://www.investopedia.com/terms/m/mcclellanoscillator.asp
  • wtomjones
    wtomjones ✭
    Thank you for this information, I'm new to scanning.
  • lmkwin
    lmkwin ✭✭
    If your indicator symbol starts with a $ it may show in scans. Just make sure that you don't have a "volume" filter in the scan.


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