McGinley Dynamic Bitcoin Analysis & McGinley Dynamic Signals
Developed by John McGinley
McGinley Dynamic aims to overcome the lag of the traditional simple and exponential moving averages, the indicator automatically adjusting itself relative to the speed of the bitcoin market. Thus its name, dynamic.
The indicator follows bitcoin price movements closely in both a fast and a slow moving bitcoin market.
Bitcoin Crypto Currency Analysis & Generating Signals
This btcusd technical indicator is better at avoiding whipsaws compared & analyzed to the initial moving average MA.
Calculated using the formula:
Dynamic = D1 + (Bitcoin Price - D1) / (N * (Bitcoin Price/D1)^4)
D1 = previous value of the Dynamic technical indicator
N = smoothing factor (of bitcoin price periods)
^ = Power of
Bullish, Buy Bitcoin Signals and Bearish, Sell Signals
McGinley Dynamic should be combined with moving averages to form a system. McGinley Dynamic should be used as the smoothing mechanisms where the MA is choppy or ranging.
- Bullish, Buy Bitcoin Signal - A buy cryptocurrency signal gets generated when bitcoin price is crosses above the indicator.
- Bearish, Sell Bitcoin Signal - A sell cryptocurrency signal is generated/derived when bitcoin price is crosses below the trading indicator.
Analysis in BTC USD Crypto Trading
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