DYO: McClellan Summation Index example
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Q: I have here the following detail regarding the McClellan Summation and the details it requires.
Summation Index = 1000 + (10%Trend - 5%Trend) - ((10 x 10%Trend) + (20 x 5%Trend))
where:
5%Trend = 39-day EMA of (Advancers-Decliners)
10%Trend = 19-day EMA of (Advancers-Decliners)
The symbol for the Advancers-Decliners is delayed but is available through IB as $ADD. My question is will it be possible to have this as an espl or will it be possible as as Design Your Own as only the data from $ADD is required.
A: The following DYO implements the McClellan Summation formula on the daily $ADD chart.
Template: 1341-McClellanSum
Template: 1341-McClellanSum
Last modified 8/8/08 11:34 AM
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