McGinley Dynamic is a technical indicator developed by a market technician, R. McGinley in 1997
I based my indicator from code by everget so you should go follow him if you aren't already!
I had issues with the default version of this indicator using different lengths so this is my fix for those issues. This follows the price very closely especially when the...
This is a MACD version with MaGinley Dynamic indicator invented by John R. McGinley. MaGinley Dynamic can be used as a moving average and is a highly reliable indicator. Here i use it instead of EMA witch normally is used to calculate MACD.
For more information of MaGinley Dynamic
The simple Moving average cross strategy is here implemented.
I guess there are multitudes of similar scripts around.
I post this one since I was asked by some friends, and I'll let it free to use for anybody.
Here you can choose the year where to start backtesting, the source, the type of MA, the SL and TP multiplicators of ATR, for which you can also choose the...