UPDATES: dynamic MyNET
- Removed RSI-Trend Strength Index (RSX)
- Add McGinley Dynamic using RSX as smoothing function:
If VHF is ON = The "improved" formula will be activated (based on mladen's work published @ MQL library)
The McGinley Dynamic indicator is a type of moving average that was designed to track the market better than existing moving average indicators. It is a technical indicator that improves upon moving average lines by adjusting for shifts in market speed. John R. McGinley, a market technician, is the inventor of the eponymous indicator.
KEY TAKEAWAYS:
- The McGinley Dynamic indicator is a type of moving average that was designed to track the market better than existing moving average indicators.
- This indicator solves the issue of varying market speeds by incorporating an automatic adjustment factor into its formula, which speeds (or slows) the indicator in trending, or ranging, markets.
- The McGinley Dynamic indicator improves upon conventional moving averages by minimizing price separations and volatile whipsaws so that price action is more accurately reflected.
To download the current release... Click this >>> download/file.php?id=3450488
For more info about this system... Click this >>> viewtopic.php?f=578267&t=8473253
