McGinley Dynamic

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

McGinley Dynamic

Postby Apprentice » Tue Dec 14, 2010 3:43 am

gcgd.png


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)
MCGD.lua
(2.41 KiB) Downloaded 739 times

USDSEK H1 (01-11-2018 1057).png

Multi Time Frame McGinley Dynamic.lua
(6.59 KiB) Downloaded 48 times


MT4/MQ4 version.
viewtopic.php?f=38&t=65619&p=116950#p116950
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 18521
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: McGinley Dynamic

Postby Apprentice » Wed Feb 01, 2017 7:34 am

Indicator was revised and updated.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 18521
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: McGinley Dynamic

Postby Apprentice » Thu Jan 11, 2018 6:47 am

Multi Time Frame McGinley Dynamic.lua added.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 18521
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia


Return to Custom Indicators

Who is online

Users browsing this forum: No registered users and 13 guests