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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (69850)9/21/2022 11:23:26 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 97958
 
Maybe I did it wrong. I pulled up a chart of the NASDAQ then put the MO as an indicator on it in a different window. Maybe I should have used the NDX or else MetaStock computes it different. Maybe there's also settings you can change. I think it defaults to a difference between two averages in the base equation of I remember correctly so one system may use a different set of MAs to come up with a value?
A quick Google search says this, "The McClellan Oscillator is calculated by subtracting a 39 day exponential moving average (of advancing issues – declining issues) from a 19 day exponential moving average (of advancing issues – declining issues)."

Maybe stockcharts uses something different or my program does.

EDIT - I wonder what would happen if I put the indicator directly on the advance/decline chart itself?