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LucasZancheta

McGinley Dynamic Indicator

LucasZancheta  
Exponential Moving Average (EMA) Breadth Indicators McGinley Dynamic touch crossover crossunder
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ema breadthstudies mcginley touch crossover crossunder
This is a strategy based on the Mcginley Dynamic Moving Average indicator, 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.

Moving averages used:

EMA: 21
EMA: 42

The chart used for the backtest was the Bovespa Futures Index (WIN1! Continuous: current contract in front)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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