StockFetcher Forums · Filter Exchange · McClellan Oscillator and SPY<< 1 2 3 4 >>Post Follow-up
snappyfrog
731 posts
msg #160707
Ignore snappyfrog
12/10/2023 9:26:49 AM

The last 3 weeks using the McClellan has been difficult to say the least.

So, I decided to make a summation line (McClellan Summation Index). I have included it with and without the McClellan below price chart.

Fetcher[
apply to symlist(SPY,qqq,iwm)

set{vara,ind(^advn,close)}
set{vard,ind(^decn,close)}
set{var,vara - vard}
set{var1,cema(var,39)}
set{var2,cema(var,19)}
set{mcclellan,var2 - var1}
draw mcclellan line 0
draw cma(mcclellan,10) on plot mcclellan
chart-length is 6 months
]



And without McClellan

Fetcher[
apply to symlist(SPY,qqq,iwm)

set{vara,ind(^advn,close)}
set{vard,ind(^decn,close)}
set{var,vara - vard}
set{var1,cema(var,39)}
set{var2,cema(var,19)}
set{mcclellan,var2 - var1}
draw mcclellan line 0
draw cma(mcclellan,10) on plot mcclellan
chart-length is 6 months
do not draw mcclellan
]



snappyfrog
731 posts
msg #160746
Ignore snappyfrog
1/4/2024 2:47:33 PM

Divergence between RSI and Price prepared me for this change to bearish.

I changed to bearish Put option buying at open on Jan 2nd. So far so good.



snappyfrog
731 posts
msg #161372
Ignore snappyfrog
9/21/2024 10:03:12 AM

With both of the McClellan Oscillator and the RSI(10) turning down on Friday,
I am still in cautious bearish mode until the McClellan tells me otherwise.

The Accumulation / Distribution was up still up slightly.



StockFetcher Forums · Filter Exchange · McClellan Oscillator and SPY<< 1 2 3 4 >>Post Follow-up

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