McClellan Sum Index - Smoother Floating Levels - MetaTrader 5 Script - MT4/MT5 Resources
McClellan Summation Index, as is (originally posted here: McClellan Summation Index - Smoother ) A bit difficult to use due to the lack of obvious signals. However, unlike the McClellan oscillator, the summed exponent does not necessarily oscillate around zero. This version is adding float levels to it to help find ways to emit signals in an easier way
You can use color changes as signals
Attachment download
📎 mcclellan_summation_index_jsmootherw4flo.mq5 (16.72 KB)
Source: MQL5 #24351
McClellan Sum Index - smoother floating levels - MetaTrader 5 script usage and screening recommendations
McClellan Sum Index - Smoother Floating Levels - MetaTrader 5 Script is a resource related to trading scripts. 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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