FXCodeBase.COM: Forex Chart Indicators and Development

Your last stop on a way to find a fast growing community of forex traders and software developers. Best forex charts indicators are available here for download. Custom development of indicators and translation to .LUA is also available on request.
http://fxcodebase.com/code/

McGinley Dynamic MTF

http://fxcodebase.com/code/viewtopic.php?f=38&t=65619

Page 1 of 1

McGinley Dynamic MTF

PostPosted: Wed Jan 10, 2018 10:27 am
by Apprentice
McGinley_Dynamic_MTF.png

LUA Original: viewtopic.php?f=17&t=2950

Description:

This is the MT4 version of the LUA original, with an addition: It presents 3 TF's at the same time taking the analysis a step further.

In brief: 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)

McGinley_Dynamic_MTF.mq4
(11.73 KiB) Downloaded 965 times

Re: McGinley Dynamic MTF

PostPosted: Wed Jan 10, 2018 9:06 pm
by bartwas1
Hi Apprentice

Would you mind to write this version in lua? It seems to be more useful when utilises 3 TFs rather than one. It shows price relation between time frames.

Thank you,
Bart.

Re: McGinley Dynamic MTF

PostPosted: Thu Jan 11, 2018 6:48 am
by Apprentice
Try Multi Time Frame McGinley Dynamic.lua
viewtopic.php?f=17&t=2950&p=116974#p116974
All times are UTC - 5 hours
Page 1 of 1
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
http://www.phpbb.com/