Definitions
In plain terms
This index turns the daily traditional oscillator into a running path. Each ready oscillator value raises or lowers the prior cumulative level.
Technical
For ready traditional oscillator MO_t, update SI_t = SI_(t-1) + MO_t; this pilot uses a pre-output starting level of 1000 and preserves the unrounded cumulative state.
Scope
The recurrence and historical naming are methodology facts; the pilot's fresh-series 1000 teaching seed, precision, checkpoint, revision, and missing-session behavior are explicit documented policies.
Formula
SI_t = SI_(t-1) + MO_t; SI_pre-output = 1000 in this pilotSI_t=SI_{t-1}+MO_t,\quad SI_{\mathrm{pre}}=1000\ \text{in this pilot}| Symbol | Meaning | Unit |
|---|---|---|
SI_t | Current traditional summation level | issue-count breadth points |
SI_(t-1) | Previous traditional summation level | issue-count breadth points |
MO_t | Ready Traditional McClellan Oscillator | issues |
Output unit: issue-count breadth points
Examples
- Starting from 1000, an oscillator of 5 produces 1005 and the next oscillator of negative 2 produces 1003.
Common misconceptions
- The absolute level cannot be compared responsibly unless the starting convention and input history are compatible.
Concept relationships
Broader concepts
Derived from
Where this concept is used
Evidence and governance
- The McClellan Oscillator and Summation Index McClellan Financial Publications · first party methodology
Supports: preferred label, short definition, technical definition, formula, historical attribution, variant distinction
Limits: Interpretive descriptions and historical conventions are not current out-of-sample performance evidence or a universal fresh-series calibration.
- Reviewed by
- fintech-builder-owner-approved
- Last reviewed
- 2026-07-26
- Next review
- 2027-07-26
- Record status
- published