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Stock Indexes McGinley Dynamic Indices Expert Advisor Setup

Stock Indexes McGinley Dynamic Indices Expert Advisor Setup - Setting Up McGinley Dynamic Indices Expert Advisor - A Indices trader can come up with an McGinley Dynamic Indices Expert Advisor based on the McGinley Dynamic stock indices indicator explained below.


Stock Indexes McGinley Dynamic Expert Advisor rules can be combined with other indices indicators to come up with other EA Indices Trading Robots that trade using rules based on two or more indicators combined to form a stock indexes trading system.



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 stock indexes trading market. Thus its name, dynamic.


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

McGinley Dynamic Indices Indicator

Stock Indexes McGinley Dynamic Expert Advisor Setup


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.

McGinley Dynamic Indices Indicator

Technical Analysis - Stock Indexes McGinley Dynamic Expert Advisor Setup

 

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