Adding MetaTrader 4 McGinley Dynamic Indices Technical Chart Indicator

Step 1: Open the Indices Trading Platform Navigator Window

Open the Navigator window as shown below; Go to “View” menu (click), then select the “Navigator” window (click), or From Standard Toolbar click the “Navigator” button or press short cut keyboard keys “Ctrl+N”

On the Navigator window, select “Indicators”, (Double Click)

MetaTrader 4 McGinley Dynamic Indices Indicator

Adding McGinley Dynamic MetaTrader 4 Indices Technical Chart Indicator

Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the button will appear as (-) and will now display a list as shown below - select the McGinley Dynamic stock indices chart indicator from this list of stock indices indicators so as to add the McGinley Dynamic stock indexes technical indicator on the stock indexes trading chart.

From the Above window you can then place McGinley Dynamic indicator that you want on the Indices Trading chart

How to Put Custom McGinley Dynamic Stock Indexes Indicator on MetaTrader 4 and How to Install McGinley Dynamic Stock Indexes Indicator MetaTrader 4

If the stock indices indicator you want to add is a custom indicator - for example if the McGinley Dynamic indicator you want to add is a custom indicator you will need to first add this custom McGinley Dynamic indicator on the MT4 stock indexes trading platform and the compile the custom McGinley Dynamic indicator so that the newly added McGinley Dynamic custom indicator appear on the list of custom indicators on the MetaTrader 4 stock indexes trading platform.

To learn how to install McGinley Dynamic indicators on MetaTrader 4, how to add McGinley Dynamic indicator window to MetaTrader 4 and how to add McGinley Dynamic custom indicator on MT4 stock indexes trading platform - How to add a custom McGinley Dynamic indices trading Indicator on MT4.

About McGinley Dynamic Indices Indicator Tutorial

McGinley Dynamic Indices Technical Analysis and McGinley Dynamic Indices Trading Signals

Developed by John McGinley

McGinley Dynamic aims to overcome the lag of the traditional simple and exponential moving averages, the indicator automatically adjusting itself relative to the speed of the Indices Trading market. Thus its name, dynamic.

The indicator follows stock indexes price movements closely in both a fast and a slow moving Indices Trading market.

Indices Technical Analysis and Generating Indices Trading Signals

This indicator is better at avoiding whipsaws compared to the original moving average.

Calculated using the formula:

Dynamic = D1 + (Indices Price - D1) / (N * (Indices Price/D1)^4)

D1 = previous value of Dynamic indicator

N = smoothing factor (of stock indexes price periods)

^ = Power of

Bullish, Buy Indices Trading Signals and Bearish, Sell Indices Trading Signals

McGinley Dynamic should be combined with moving averages to form a stock indexes trading system. McGinley Dynamic should be used as the smoothing mechanisms where the moving average is choppy or ranging.

• Bullish, Buy Indices Trading Signal - A buy stock indices signal is generated when stock indexes price is crosses above the indicator.


• Bearish, Sell Indices Trading Signal - A sell stock indices signal is generated when stock indexes price is crosses below the indicator.

Technical Analysis