McGinley Dynamic MetaTrader 4 Indicator & McGinley Dynamic Signals

Developed by John McGinley

McGinley Dynamic aims to overcome the lag of the traditional simple and exponential moving averages, the MT4 Indicator automatically adjusting itself relative to the speed of the FX market. Thus its name, dynamic.

The MT4 Indicator follows price movements closely in both a fast and a slow moving forex market.

MetaTrader 4 Indicator & Generating Signals

This MT4 Indicator is better at avoiding whipsaws compared to the original moving average.

Calculated using the formula:

Dynamic = D1 + (Price - D1) / (N * (Price/D1)^4)

D1 = previous value of Dynamic MetaTrader 4 Indicator

N = smoothing factor (of price periods)

^ = Power of

Bullish, Buy FX Signals and Bearish, Sell Signals

McGinley Dynamic should be combined with moving averages to form a Forex trading system. McGinley Dynamic should be used as the smoothing mechanisms where the moving average is choppy or ranging.

• Bullish, Buy Signal - A buy signal is generated when price is crosses above the MetaTrader 4 Indicator.
• Bearish, Sell Signal - A sell signal is generated when price is crosses below the MetaTrader 4 Indicator.

MetaTrader 4 Technical Indicator