//------------------------------------------------------------------------------
//
// Formula Name: McClellan Oscillator
// Author/Uploader: Tomasz Janeczko
// E-mail: tj@amibroker.com
// Date/Time Added: 2001-06-16 08:26:59
// Origin: Originally developed Sherman and Marian McClellan
// Keywords: breadth,overbought,oversold
// Level: basic
// Flags: indicator
// Formula URL: http://www.amibroker.com/library/formula.php?id=12
// Details URL: http://www.amibroker.com/library/detail.php?id=12
//
//------------------------------------------------------------------------------
//
// The McClellan Oscillator, developed by Sherman and Marian McClellan, is a
// market breadth indicator that is based on the smoothed difference between
// the number of advancing and declining issues on the New York Stock
// Exchange. The McClellan Oscillator is one of the most popular breadth
// indicators. Buy signals are typically generated when the McClellan
// Oscillator falls into the oversold area of -70 to -100 and turns up. Sell
// signals are generated when the oscillator rises into the overbought area of
// +70 to +100 and then turns down. Extensive coverage of the McClellan
// Oscillator is provided in their book "Patterns for Profit" .
//
//------------------------------------------------------------------------------
/*
McClellan Oscillator
*/
Graph0 = Ema( AdvIssues()-DecIssues(), 19 ) - Ema( AdvIssues()-DecIssues(), 39 );