McKinley Dynamic Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The McGinley Dynamic Indicator is designed to track price and avoid the see-saw phenomenon that occurs when using traditional moving averages.
Traditional moving averages have a fixed period and therefore a fixed speed. Therefore, when prices move rapidly, price separation occurs, which can lead to undesirable results. However, McGinley Dynamic is designed to adjust to speed based on the market.
This tool can be used as an alternative to traditional moving averages, as a trend confirmation indicator or crossover signal.
This indicator has an input:
The chart below shows a comparison between the McKinley dynamic (red line) and the simple moving average (blue line). McGinley Dynamic is able to react to price increases faster while also being closer to price and reducing volatility.
Attachment download
📎 mcginley_dynamic.mq5 (3.17 KB)
Source: MQL5 #20179
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