McClellan Oscillator for nifty 50

This is a indicator which indicates breath of the market.
If found relevant do let me know!!
Only handpicked relevant 20 stocks (20 +ve indicator+ 20 -ve indicator) from different sector .
As there is the limit of 40 script allowed only.
Further modifications might be there if the limit is increased to 100 (50 +50 indicator) .
Release Notes: UPDATION
Primary script was laggy and cumbersome as it has to calculate more than 40script ,the newer version is based on divergence based on nifty50equal and nifty50 freefloat weighted.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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