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McGinley Dynamic Indices Technical Analysis and McGinley Dynamic MT5 Stock Indexes Indicator

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.

McGinley Dynamic MT5 Stock Indexes Indicator



Indices Technical Analysis and Generating Indices Trading Signals


This MetaTrader 5 stock indices 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 crosses above the indicator.

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

McGinley Dynamic MT5 Stock Indexes Indicator

Technical Analysis

 

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