The McClellan Oscillator
was created by Sherman and Marian McClellan and it is essentially a MACD
of the advancing and declining symbols of the day and is best used as a comparison with the biggest stocks such as my example Apple
but that is just my opinion. I pulled the symbol names from a Trading View blog so I'm not 100% sure if they are accurate so please let me know if I'm wrong. Buy when the indicator is over 0 and sell when it falls below 0 but keep in mind that these values are for the market itself and not the individual symbol.
This was a special request so let me know if you would like me to publish more scripts or if you want something custom done!
Note: I'm republishing this because the original script couldn't be found in searches so this will fix that.