From TradersList Editors

From TradersList Editors

Enhance your trading strategy with adaptive signals and refined timing using this dynamic, floating-level McClellan Oscillator.

Enhance your trading strategy with adaptive signals and refined timing using this dynamic, floating-level McClellan Oscillator.

MetaTrader Indicator

MetaTrader Indicator

McClellan Oscillator Indicator: Smoother Version with Adaptive Floating Levels

McClellan Oscillator Indicator: Smoother Version with Adaptive Floating Levels

MetaTrader price chart showing the McClellan Oscillator indicator in a sub-window featuring a smoothed line with color changes and floating levels that expand or contract based on volatility.

by mladen on MetaTrader

MetaTrader price chart showing the McClellan Oscillator indicator in a sub-window featuring a smoothed line with color changes and floating levels that expand or contract based on volatility.

by mladen on MetaTrader

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Indicator

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MetaTrader

MetaTrader

Price Action

Price Action

McClellan Oscillator - smoother with floating levels

McClellan Oscillator - smoother with floating levels

The McClellan Oscillator - smoother with floating levels is a free MetaTrader indicator that depicts market breadth with floating levels instead of fixed ones for identifying extremes more efficiently.

The McClellan Oscillator - smoother with floating levels is a free MetaTrader indicator that depicts market breadth with floating levels instead of fixed ones for identifying extremes more efficiently.

Get on MetaTrader

This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

Get on MetaTrader

This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

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Open Source

Listing has publically available source code that can be audited and modified as needed.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

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Free Access

All features of this listing are fully free to use with no pricing tiers. Simply start using.

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Trusted Publisher

Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.

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Trusted Publisher

Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.

Robust Theory

Concepts and theories mentioned in listing are based on generally approved and well established notions.

Robust Theory

Concepts and theories mentioned in listing are based on generally approved and well established notions.

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Popular Topic

Concepts and theories mentioned in listing are popular topics in web search

🌐

Popular Topic

Concepts and theories mentioned in listing are popular topics in web search

Published by mladen on MetaTrader

Published by mladen on MetaTrader

Enhanced Market Breadth Measurement

This version of the McClellan Oscillator applies additional smoothing to the standard calculation, producing a cleaner signal that reduces whipsaws in noisy market conditions. The smoother output makes it easier to identify genuine breadth shifts rather than reacting to every minor fluctuation in the advance-decline data.

Floating Levels for Dynamic Extremes

Instead of using fixed overbought and oversold levels, this indicator calculates floating levels that adapt to the oscillator's recent range. This means the "extreme" threshold adjusts to current market conditions. In volatile periods, the floating levels widen; in calm periods, they tighten - providing more accurate extreme readings at all times.

Enhanced Market Breadth Measurement

This version of the McClellan Oscillator applies additional smoothing to the standard calculation, producing a cleaner signal that reduces whipsaws in noisy market conditions. The smoother output makes it easier to identify genuine breadth shifts rather than reacting to every minor fluctuation in the advance-decline data.

Floating Levels for Dynamic Extremes

Instead of using fixed overbought and oversold levels, this indicator calculates floating levels that adapt to the oscillator's recent range. This means the "extreme" threshold adjusts to current market conditions. In volatile periods, the floating levels widen; in calm periods, they tighten - providing more accurate extreme readings at all times.

Why Floating Levels Improve Signal Quality

Fixed levels like +100 and -100 may be extreme during low-volatility markets but routine during high-volatility periods. Floating levels solve this by dynamically defining what "extreme" means based on recent behavior. A breadth reading that hits the upper floating level is genuinely extreme for the current environment, regardless of absolute value.

Application for Broad Market Analysis

Index traders and portfolio managers use this smoothed oscillator to assess overall market health. When the oscillator turns up from a floating lower extreme, it signals broad buying pressure returning to the market. This breadth confirmation, combined with price action in the index, helps time entries into broad market positions with higher confidence.

Why Floating Levels Improve Signal Quality

Fixed levels like +100 and -100 may be extreme during low-volatility markets but routine during high-volatility periods. Floating levels solve this by dynamically defining what "extreme" means based on recent behavior. A breadth reading that hits the upper floating level is genuinely extreme for the current environment, regardless of absolute value.

Application for Broad Market Analysis

Index traders and portfolio managers use this smoothed oscillator to assess overall market health. When the oscillator turns up from a floating lower extreme, it signals broad buying pressure returning to the market. This breadth confirmation, combined with price action in the index, helps time entries into broad market positions with higher confidence.

Analyze market wide momentum

Analyze market wide momentum

This version of the McClellan Oscillator applies additional smoothing for a cleaner signal and uses floating levels that adapt to the oscillator's recent range. Dynamic extreme thresholds adjust to current conditions rather than relying on fixed overbought and oversold levels.

This version of the McClellan Oscillator applies additional smoothing for a cleaner signal and uses floating levels that adapt to the oscillator's recent range. Dynamic extreme thresholds adjust to current conditions rather than relying on fixed overbought and oversold levels.

Measure Broad Market Breadth

The oscillator reveals whether the majority of stocks participate in a market move. Smoothing reduces whipsaws and makes genuine breadth shifts easier to identify.

Establish Directional Trading Bias

When breadth is strong and expanding, traders favor long positions. When breadth deteriorates, defensive positioning and tighter stops become appropriate.

Track Extremes With Adaptive Levels

Floating levels define what extreme means based on recent behavior. A reading hitting the upper floating level is genuinely extreme for current conditions.

Common Questions About Enhanced Breadth Analysis

Common Questions About Enhanced Breadth Analysis

Adding smoothing and floating levels to the McClellan Oscillator improves signal quality. Here are common questions about this enhanced version.

Adding smoothing and floating levels to the McClellan Oscillator improves signal quality. Here are common questions about this enhanced version.

Why use floating levels instead of fixed overbought/oversold thresholds?

Fixed levels like +100 and -100 may be extreme in low-volatility markets but routine during high-volatility periods. Floating levels dynamically define what extreme means based on recent behavior, improving signal accuracy.

How does the additional smoothing help?

Extra smoothing reduces whipsaws in noisy conditions. The smoother output makes it easier to identify genuine breadth shifts rather than reacting to every minor fluctuation. This produces cleaner, more actionable signals.

When does the oscillator provide the best signals?

The best signals occur when the oscillator reaches a floating extreme and then reverses. A turn up from the lower floating level signals broad buying pressure returning to the market, providing confirmation for long positions.

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Web sentiment

Web sentiment

Traders feel mixed about McClellan Oscillator - smoother with floating levels; they appreciate customization but have frustrations with free codes and technical issues, yet there's strong community support.

Traders feel mixed about McClellan Oscillator - smoother with floating levels; they appreciate customization but have frustrations with free codes and technical issues, yet there's strong community support.

Source: Online Discussion

Source: Online Discussion

Source: Online Discussion

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TradersList Reviews (3)

TradersList Reviews (3)

TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.

TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.

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Source: TradersList Reviews

Source: TradersList Reviews

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🔑

🌐

Shved Supply and Demand is a MetaTrader indicator that uses fractals and the ATR to automatically identify and categorize support and resistance zones. It features history mode, multi-timeframe display, mobile notifications and distinction between zone strength like weak, verified, and proven.

MetaTrader chart interface displaying Harmonic Pattern Finder V3 indicator with geometric shapes connecting price swing points to visualize harmonic patterns like Gartley and Bat based on Fibonacci ratios

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by andorofo

Free

MetaTrader Indicator

Harmonic Pattern Finder V3

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Harmonic Pattern Finder V3 is a MetaTrader indicator that automatically identifies harmonic patterns using Fibonacci ratios and pattern matching algorithms. It offers customizable displays to reduce screen clutter, interactive pattern highlighting with detailed analytics, unified zigzag selection, statistical performance tracking and a refactored codebase for easy integration with other indicators.

MetaTrader price chart displaying the Squeeze indicator with color-coded price bars to visualize market volatility

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by mladen

Free

MetaTrader Indicator

Squeeze - on chart

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Squeeze - on chart is a MetaTrader indicator that color-codes candles or bars with potential on-going long or short squeezes, based on standard deviations.

MetaTrader chart displaying Price Heatmap indicator with color-coded price histograms and purple dotted peak lines showing time-at-price duration and market activity zones

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by fxborg

Free

MetaTrader Indicator

Price Heatmap

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Price Heatmap is a free MetaTrader indicator that visualizes price movements using heatmap style visuals to convey where, when and how long an asset spent time at various price levels. In essence, this is a rolling, dynamic market profile.

MetaTrader price chart displaying highlighted price action patterns with text labels identifying formations such as hammers, doji and evening stars

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by scriptor

Free

MetaTrader Indicator

Patterns

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🏅

Patterns is a MetaTrader indicator that automatically identifies thirty popular candlestick patterns on price charts. With 38 adjustable settings, it allows customization of pattern displaying, tooltips and detection criteria.

MetaTrader chart featuring the Tarzan Price Action Indicator with price bars and color-coded RSI lines. The central line appears green for upward signals and red for downward signals. Sky blue and orange zones define the channels while pale gray sections highlight overbought or oversold conditions.

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by scriptor

Free

MetaTrader Indicator

Tarzan

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Tarzan is a MetaTrader Indicator that visualizes RSI changes that align with price action, using simple color-coded bars and signal arrows. Multiple customziation options, like smoothed RSI and adjustable channels.

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by scriptor

Free

MetaTrader Indicator

Extreme_TMA_line_indicator

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🏅

Extreme_TMA_line_indicator is a MetaTrader Indicator that calculates price bands to identify extremes using TMA and ATR, defined by an user specified multiplier. This indicator also draws a central line that changes color based on trend direction.

MetaTrader price chart displaying the Market_Sessions indicator with color-coded rectangular zones highlighting Sydney Tokyo London and New York trading sessions

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by scriptor

Free

MetaTrader Indicator

Market_Sessions

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🌐

Market_Sessions is a MetaTrader Indicator that displays New York, London, Tokyo and Sydney trading sessions on price charts. This indicator offers customizable settings for session times, colors, labels and lines. Usable on 1 hour timeframe or lower.

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by godzilla

Free

MetaTrader Indicator

KI_signals

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KI_signals is a MetaTrader indicator that generates signals using the XMACD histogram by detecting changes in histogram and signal line directions and their intersections, displayed as colored candlesticks.

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Disclaimer

Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

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Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.

Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.

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