McClellan Summation Index [LazyBear]

McClellan Summation Index is a breadth indicator derived from McClellan Oscillator (tradingview.com/v/8YstxIAf/).

The Summation Index is simply a running total of the McClellan Oscillator values. Even though it is called a Summation Index, the indicator is really an oscillator that fluctuates above/below zero. As such, signals can be derived from bullish/bearish divergences, directional movement and centerline crossovers. A moving average can also be applied to identify upturns and downturns.

Indicator uses the advancing/declining stocks from NYSE by default, but you can change them to any market in the options dialog.

More info:
- mcoscillator.com/learning_center/kb/mcclellan_oscillator/the_mcclellan_oscillator_summation_index/
- stockcharts.com/school/doku.php?id=chart_school:technical_indicators:mcclellan_summation


Complete list of my indicators:
docs.google.com/document/d/15AGCufJZ8CIUvwFJ9W-IKns88gkWOKBCvByMEvm5MLo/edit?usp=sharing