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The McClellan Summation Index is a long term version of the McClellan Oscillator, which is a market indicator based on stock advances and declines. Would there be a McClellan Summation Index "Oscillator" be available in QuantConnect?
Any other "Oscillators", available to monitor market turns? Any examples?
Appreciate your feedback. Thanks ....
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Rahul Chowdhury
Hey Mike,
Unfortunately, we do not currently have a built-in implementation for the McClellan Oscillator or the McClellan Summation Index. However, it is possible to create custom indicators. You can implement the McClellan Oscillator first and then using that data, implement the McClellan Summation Index.
We opened a Github issue for anyone that wishes to implement these two indicators.
Some other market breadth indicators are the Advance/Decline Index and the Arms Index. You can check what built-in indicators are available in the indicators reference table.
Mike Reichard
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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