McGinley Dynamic

सरल शब्दों में विचार

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.

गणना कैसे होती है

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)

इसका उपयोग कैसे करें

• As a trend filter and dynamic support or resistance.
• Instead of an EMA where you want fewer whipsaws.

निष्कर्ष निकालना

• Price above a rising McGinley line: uptrend; below a falling one: downtrend.

इन बातों का ध्यान रखें

• The line is smooth, not predictive: wait for the price to confirm a break.

थोड़ा इतिहास

Created by John R. McGinley, a market technician, and published in 1990.