McClellan Oscillator - Smoother Floating Levels - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
A version of the McClellan Oscillator that does not use slope variation, but has some levels (in this case the interrupted signal line) is posted here: McClellan Oscillator Smoother with DSL . This version uses floating levels (more flexible and does not depend on any fixed value of the indicator)
You can use color changes as signals
Attachment download
📎 mcclellan_oscillator_8smootheruafln.mq5 (16.65 KB)
Source: MQL5 #24352
McClellan Oscillator - Smoother floating levels - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
McClellan Oscillator - Smoother Floating Levels - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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