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Popular Indicators

McGinley Dynamic Trading System for Amibroker (AFL)

3 / 5 (Votes 5)

McGinely Dynamic indicator devised by John R.McGinley has been stated as the most reliable indicator at Investopedia. This indicator is more responsive to raw data as compared to simple moving average or exponential moving average. McGinely dynamic is supposed to avoid whipsaws when compared with any moving averages. It looks like a moving average line yet it is a smoothing mechanism for prices that turns out to track far better than any moving average. It minimizes price separation, price whipsaws and hugs prices much more closely.

Read more about this system and download the backtest report here.

Here is a screenshot of how the indicator looks:

Similar Formulas



error error error, please make correction

2. hotaro3

no error in my amibroker ver 5.70

(%.1f%%) get rid of this

Good moving average. .236 deviation can be used to handle range bound market.

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