McClellan Sum Index - Smoother - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
This is the natural "descendant" of the McClellan Oscillator (originally posted here: McClellan Oscillator - Smoother ). It uses the same smoother for calculations (instead of EMA) and in this version it also produces smoother results
In the same way as described in the oscillator description
Attachment download
📎 mcclellan_summation_index_asmoother4.mq5 (12.17 KB)
Source: MQL5 #24348
McClellan Sum Index - Smoother - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
McClellan Sum Index - Smoother - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. 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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