Posted by skitexas67 on 29th of Jun 2021 at 05:47 pm
Hi Matt - I'm trying to duplicate the McClellan Oscillator with
Bollinger Bands in Think or Swim. Can you share the specific
Study set-up? Cant seem to figure it out.
first off in Tradestation the indicators are set to plot with
respect to data 1 or price. The McClellan Osc is plotted as an
indicator and you can't have an indicator plot with respect to
another indicator. So we had to write a custom Bollinger Band
indicator that potted to data 2 or the indicator basically.
Also in Tradestation the McClellan Osc is not a separate
indicator, it's derived from two other indicators: $ADV NYSE
Advancing and $DECL, NYSE Declining, those two data sources are
combined to derive the McClellan Osc indicator
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Hi Matt - I'm trying
McClellan Oscillator with Bollinger Bands
Posted by skitexas67 on 29th of Jun 2021 at 05:47 pm
Hi Matt - I'm trying to duplicate the McClellan Oscillator with Bollinger Bands in Think or Swim. Can you share the specific Study set-up? Cant seem to figure it out.
a few things: first off in
Posted by matt on 29th of Jun 2021 at 05:54 pm
a few things:
first off in Tradestation the indicators are set to plot with respect to data 1 or price. The McClellan Osc is plotted as an indicator and you can't have an indicator plot with respect to another indicator. So we had to write a custom Bollinger Band indicator that potted to data 2 or the indicator basically.
Also in Tradestation the McClellan Osc is not a separate indicator, it's derived from two other indicators: $ADV NYSE Advancing and $DECL, NYSE Declining, those two data sources are combined to derive the McClellan Osc indicator