Multi-Timeframe Analysis Suite calculates trend direction and momentum conditions across five user-selected timeframes using moving averages, RSI, and Stochastic oscillators. It evaluates moving average slope and oscillator levels to compute trend alignment, m
Indicator · Pine Script v6 · Own pane
McClellan Oscillator Tests
This indicator serves as a validation test suite for the McClellan Oscillator.
GitHub stars1on the repository
Pine versionv6current
Lines of code190
Settings0inputs
LicenceNone stated
Last update7 months ago6 Mar 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
McClellan Oscillator Tests fetches NYSE advancing and declining issues data and computes the oscillator using ratio-adjusted net advances. The script cross-checks manual EMA calculations against ta.ema for fast (19-period), slow (39-period), and signal (9-period) lines, along with oscillator, histogram, and smoothing constants. A dashboard table in the top-right corner displays pass/fail counts for all arithmetic and computation tests after a 100-bar warmup. The indicator plots the oscillator, signal line, and histogram in a separate pane with overbought and oversold levels.
- McClellan Oscillator validation
- EMA cross-verification
- Test dashboard
- NYSE breadth data
- Manual vs ta.ema comparison
Details
Published by
joemccann on GitHub
Type
Draws
Separate pane below the chart
Markets
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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