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.
McClellan Oscillator Indicator: Smoother Version with Adaptive Floating Levels
McClellan Oscillator Indicator: Smoother Version with Adaptive Floating Levels

by mladen on MetaTrader

by mladen on MetaTrader
🤖
🤖
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.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
🥇
Trusted Publisher
Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
🥇
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.
🌐
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.
🌐
🌐
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
✍️
✍️
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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⭐️
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Source: TradersList Reviews
Source: TradersList Reviews

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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.

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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.
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.
Read full disclaimer
TradersList
Discover trading edge
Join Telegram
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.
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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