Extra indicators
McGinley Dynamic
A self-adjusting moving average that speeds up when the price runs away from it and slows down when it is close.
La idea en pocas palabras
Fixed-speed averages are too slow in fast markets and too nervous in calm ones. McGinley's line changes its speed with the distance between price and line, so it rarely gets left behind.
Cómo se calcula
Each candle, the line moves towards the close by the gap divided by N × (close ÷ line)⁴. A big gap makes the factor smaller, so the line moves faster.
MD = MD₋₁ + (close − MD₋₁) ÷ (N × (close ÷ MD₋₁)⁴)Cómo usarlo
- As a trend filter and dynamic support or resistance.
- Instead of an EMA where you want fewer whipsaws.
Sacar conclusiones
- Price above a rising McGinley line: uptrend; below a falling one: downtrend.
Ejemplo
US500 daily: after a sharp sell-off the McGinley line catches up with the price within a few days, while a 14-day SMA is still far above.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- The line is smooth, not predictive: wait for the price to confirm a break.
Un poco de historia
Created by John R. McGinley, a market technician, and published in 1990.
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.