fxcodebase-backup
McGinley Dynamic
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=2950
Forum: 17 · Topic 2950 · 3 post(s)
McGinley Dynamic
Apprentice · Tue Dec 14, 2010 3:43 am
The McGinley Dynamic (MD) technical indicator was designed by John R. McGinley.
McGinley considered that moving averages should not be used as trading systems or signal generators, but instead, they should be used as smoothing mechanisms.
MD tracks price better than any moving average.
McGinley Dynamic Formula ( The formula differs from the standard). Yesterday’s EMA + (Today’s close - Yesterday’s EMA) / (Today’s close / Yesterday’s EMA * 125)
Multi Time Frame McGinley Dynamic.lua
MT4/MQ4 version. viewtopic.php?f=38&t=65619&p=116950#p116950
The indicator was revised and updated
Re: McGinley Dynamic
Apprentice · Wed Feb 01, 2017 7:34 am
Indicator was revised and updated.
Re: McGinley Dynamic
Apprentice · Thu Jan 11, 2018 6:47 am
Multi Time Frame McGinley Dynamic.lua added.