OPEN-SOURCE SCRIPT
Updated Hindenburg Omen with McClellan Oscillator Cancellation
Hindenburg Omen signals should be canceled if McClellan Oscillator turns positive or 30 days passes after the signal. I just added the McClellan Oscillator cancellation criteria to Boombotcom's Hindenburg Omen Clean script. This way you can avoid being bearish for too long and spot the turning points in the market quicker.
Release Notes
Clean versionOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.