Available translations

McGinley Moving Average

Summary: The McGinley Dynamic indicator is a type of moving average that was designed to track the market better than existing moving average indicators. It is a technical indicator that improves upon moving average lines by adjusting for shifts in market speed.
In his research, McGinley found moving averages had many problems. In the first place, they were inappropriately applied. Moving averages in different periods operate with varying degrees in different markets. For example, how can one know when to use a 10-day, 20-day, or 50-day moving average in a fast or slow market? In order to solve the problem of choosing the right length of the moving average, the McGinley Dynamic was built to automatically adjust to the current speed of the market.
The length of the McGinley indicator calculation can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Initialization under ’McGinley’ Product Definition.
Products & Properties
The following properties are available to access:
Product Name Product Variable Properties
McGinley MD md
The McGinley indicator could be used to generate a buy signal when a candle closes above the indicator value:
 chart.at01hs.candle.close > chart.at01hs.MD.md
It is suggested that the McGinley indicator could be used in conjunction with completmentary indicators such as MACD, RSI or TDI
Exponential Moving Average
Simple Moving Average