McGinley

McGinley Dynamic Indicator – indicator MetaTrader 5

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Figure 1 - McGinley Dynamic vs SMA
The McGinley Dynamic indicator is designed to follow prices, avoiding whipsaws that are given when conventional Moving Averages are used. Conventional Moving Averages have a fixed period and therefore a fixed speed. As a result, price separation occurs when the price moves rapidly which can lead to unwanted results. The McGinley Dynamic however is designed … Read more

McGinley dynamic average – indicator MetaTrader 5

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McGinley dynamic average - indicator for MetaTrader 5
Theory : There are a couple of formulas for McGinley dynamic indicator. This version is based on metastock formula, but is adding an option to chose different “base” average type (default is EMA). This You can have : McGinley dynamic SMA McGinley dynamic EMA McGinley dynamic SMMA McGinley dynamic LWMA Usage : It can be … Read more

McGinley dynamic (official) – indicator MetaTrader 5

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McGinley dynamic (official) - indicator for MetaTrader 5
The cause to make this : When almost all the descriptions of some indicator are something like this : The McGinley Dynamic indicator is a type of moving average that was designed to track the market better than existing moving average indicators. It is a technical indicator that improves upon moving average lines by adjusting … Read more