McClellan Oscillator Breadth Scan

wtomjones

Anyone know how to create a Scan to run for a McClellan Oscillator?

markd

The McClellan Oscillator is a market breadth indicator, not an indicator that you can apply to individual stocks. The scan engine runs through a set of symbols you specify (e.g. SP500) and looks for changes in indicators or other values that you specify.

I tried including a the symbol for the NYSE McClellan Oscillator in a list and running a scan against the list with a condition that was true for !MCOSINYA but the scan returned 'no data available'. So, apparently the scan engine doesn't read indicator symbols (i.e. symbols starting with ! )

So, if you are looking for McClellan signals, you would look at a chart for the indicator itself.

The indicator is explained here.

https://www.investopedia.com/terms/m/mcclellanoscillator.asp

wtomjones

Thank you for this information, I'm new to scanning.

lmkwin

If your indicator symbol starts with a $ it may show in scans. Just make sure that you don't have a "volume" filter in the scan.