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McClellan Summation Index - Miekka Formula
This indicator is the McClellan Summation Index calculated as by Jim Miekka. Jim was a renowned mathematician who contributed immensely to the trading world by tying to develop independent mathematical indicators.
It was Jim Miekka who established the independent relationship to calculate the Summation index without calculating the cumulative of the McClellan Oscillator.
On top of the Summation Index I have added a 10 EMA to easily identify a change in trend.
I would recommend a user to read more about the Summation index and its utilities before using this indicator.
It was Jim Miekka who established the independent relationship to calculate the Summation index without calculating the cumulative of the McClellan Oscillator.
On top of the Summation Index I have added a 10 EMA to easily identify a change in trend.
I would recommend a user to read more about the Summation index and its utilities before using this indicator.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.