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 1230 times
MT4/MQ4 version.
viewtopic.php?f=38&t=65619&p=116950#p116950The indicator was revised and updated