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McGinley Dynamic Indicator

  • #1
  • First Post: Nov 3, 2009 3:47pm Nov 3, 2009 3:47pm
Hi,

Can anyone code this indicator for Metatrader ?

The McGinley Dynamic Indicator is a moving average with a volatility filter designed to further smooth out the price action. It would be used similar to a moving average.

Formula:
Ref(Mov(C,12,E),-1)+((C-(Ref(Mov(C,12,E),-1))) / (C/(Ref(Mov(C,12,E),-1))*125))

regards
It never gets easier, you just get better
  • #2
  • Edited 6:05pm Nov 3, 2009 5:44pm | Edited 6:05pm
This should do it.

From http://www.meta-formula.com/Metastoc...las-M.html#Top
Attached Image
Attached File(s)
File Type: mq4 McGinley Dynamic Indicator.mq4   2 KB | 6,049 downloads
  • #3
  • Nov 3, 2009 7:16pm Nov 3, 2009 7:16pm
Here is a picture of it I found on google and here is the MT4 version.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_008.jpg Size: 83 KB
Click to Enlarge Name: mcginley.gif Size: 18 KB
  • #4
  • Nov 4, 2009 2:49am Nov 4, 2009 2:49am
Thank you smjones. Excellent.
It never gets easier, you just get better
  • #5
  • Nov 4, 2009 7:48am Nov 4, 2009 7:48am
How are you supposed to interpret this indicator? I got an email from Investopedia forex saying this was "the best indicator I never heard of" Is this how you heard of it too?
  • #6
  • Nov 5, 2009 6:11pm Nov 5, 2009 6:11pm
Quoting smjones
This should do it.

From http://www.meta-formula.com/Metastoc...las-M.html#Top
Hi SMjones,

This is a .php file which you produced, so, not being a programmer, I presume it isn't a full MT4 indicator. Would be grateful if you could please tell me how I can obtain the indicator to load into my MT4 indicator folder/


Many thanks,



Mike
  • #7
  • Nov 5, 2009 6:21pm Nov 5, 2009 6:21pm
Quoting blott
Hi SMjones,

This is a .php file which you produced, so, not being a programmer, I presume it isn't a full MT4 indicator. Would be grateful if you could please tell me how I can obtain the indicator to load into my MT4 indicator folder/


Many thanks,



Mike
you can do so by clicking on the attached file in his post.
  • #8
  • Nov 6, 2009 3:01am Nov 6, 2009 3:01am
Quoting magnumfreak
you can do so by clicking on the attached file in his post.
Hi MF,

Thanks for your reply and link to your journal, which I am ploughing through. You said you only put 2 MAs on your chart, one set to high and other set to low, yet I see 4 MA lines on your post 21. Could you please clarify?

Like your philosophy - now I just need to train my brain to think in a similar way. I had more success when I first started trading - I think all the "clutter" got in the way.


Cheers,

Mike

PS Haven't found the McGinley Dynamic indicator yet. Give me a clue?
  • #9
  • Nov 6, 2009 3:16am Nov 6, 2009 3:16am
You can down load it by pressing this button in my post above
But to be honest, I am not too impressed with it. Take a very close look at the math in the formula in the first post and I bet you will see why.

Either this formula is not complete or someone is having a laugh.
Attached Image
  • #10
  • Edited 4:22am Nov 6, 2009 3:17am | Edited 4:22am
I'll give it a day and then post the answer in a visual way. LOL

BTW,
Ref(Mov(C,12,E),-1) means an exponential moving average of the close for 12 periods referencing the value in the position one bar back from the current bar. Hint

MA + [ (C-MA) / (C / MA * 125) ]
  • #11
  • Nov 6, 2009 5:53pm Nov 6, 2009 5:53pm
Quoting smjones
You can down load it by pressing this button in my post above
But to be honest, I am not too impressed with it. Take a very close look at the math in the formula in the first post and I bet you will see why.

Either this formula is not complete or someone is having a laugh.
Thanks for your download instruction, but although it is displayed as a .mq4 file, when I download it it appears as a .php file and will not appear in my list of indicators.

Help please.


Thanks,


Mike
  • #12
  • Nov 6, 2009 6:10pm Nov 6, 2009 6:10pm
Quoting blott
Thanks for your download instruction, but although it is displayed as a .mq4 file, when I download it it appears as a .php file and will not appear in my list of indicators.

Help please.


Thanks,


Mike
High Mike, It is probably a problem with your browser. I am not home right now, but I did also post this to my mediafile. Here is the link for it.
http://www.mediafire.com/file/mmiwzkozzjv/McGinley Dynamic Indicator.mq4

Did you see my opinion of this indi though? Think about the simplified formula in my last post.
  • #13
  • Nov 6, 2009 7:18pm Nov 6, 2009 7:18pm
Quoting smjones
High Mike, It is probably a problem with your browser. I am not home right now, but I did also post this to my mediafile. Here is the link for it.
http://www.mediafire.com/file/mmiwzkozzjv/McGinley Dynamic Indicator.mq4

Did you see my opinion of this indi though? Think about the simplified formula in my last post.
Hi SM,
Many thanks - that did the trick, though I did have to lower my IE security setting to get the download.

I'll stick it on my chart and see how it performs.

Cheers,

Mike
  • #14
  • Apr 26, 2018 8:13pm Apr 26, 2018 8:13pm
Quoting smjones
This should do it. From http://www.meta-formula.com/Metastoc...las-M.html#Top {file} {image}
Hi smjones,
Would you mind making an .mq5 version of this?
I can only find this one (https://www.mql5.com/en/code/20179) and it appears it's been coded with the Period setting reversed, as you can see in my post there.

cheers & thank you!
  • #15
  • Apr 27, 2018 6:07am Apr 27, 2018 6:07am
Quoting drayzen
{quote} Hi smjones, Would you mind making an .mq5 version of this? I can only find this one (https://www.mql5.com/en/code/20179) and it appears it's been coded with the Period setting reversed, as you can see in my post there. cheers & thank you!
smjones posted last time on FF in 2011
  • #16
  • Edited 1:02pm Apr 27, 2018 12:32pm | Edited 1:02pm
Quoting drayzen
{quote} Hi smjones, Would you mind making an .mq5 version of this? I can only find this one (https://www.mql5.com/en/code/20179) and it appears it's been coded with the Period setting reversed, as you can see in my post there. cheers & thank you!
Did not you happens to see and or use this of Mladen's Averages version
in picture white/magenta McGinley Dynamic - almost 38 in total of Averages including McGinley Dynamic - 33 prices - double smoothed - adaptive - filters (3 state filtering) - interpolated mtf - alerts options included

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: pp.png Size: 106 KB

Attached File(s)
File Type: ex5 averages 9.0.ex5   167 KB | 872 downloads
  • #17
  • Edited 12:17am Apr 28, 2018 12:06am | Edited 12:17am
Hi mntiwana,
Thanks for that, it's a great resource, is there a thread on here for that one?
I did just find the AllAverages one (https://www.forexfactory.com/showthread.php?t=418219) but it's also only in .mq4.
Unfortunately I need an .mq5 with just the single indicator as I'm wanting to use it as a custom indicator with an EA generator.
Even if I can find it in a compilation like this I could try and see if I can extract what I need and copy it in to my own indicator, but never done any mq coding before..
The only other one I've found is the broken one above, and smjones' design is ideal as it's got a 'NumberOfBars' setting so it's length can be reduced to make it run faster.
  • #18
  • Apr 28, 2018 12:38am Apr 28, 2018 12:38am
Quoting drayzen
Hi mntiwana, Thanks for that, it's a great resource, is there a thread on here for that one? I did just find the AllAverages one (https://www.forexfactory.com/showthread.php?t=418219) but it's also only in .mq4. Unfortunately I need an .mq5 with just the single indicator as I'm wanting to use it as a custom indicator with an EA generator. Even if I can find it in a compilation like this I could try and see if I can extract what I need and copy it in to my own indicator, but never done any mq coding before.. The only other one I've found...
A little more for those,considering mq4/5 file format are necessary for iCustom calls - here is Mladen's explanation regarding that misconcept - a code,i means a coder dont needs mq4/5 file for a icustom call,ex4 format is enough for him and all Mladen's/Mrtools codes are for sure in same sequence as laid-out in indicator property
EAs generated's by soft wares are not reliable as for your kind information -

Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 129 KB
  • #19
  • Last Post: May 1, 2018 11:48am May 1, 2018 11:48am
Quoting mntiwana
{quote} Did not you happens to see and or use this of Mladen's Averages version in picture white/magenta McGinley Dynamic - almost 38 in total of Averages including McGinley Dynamic - 33 prices - double smoothed - adaptive - filters (3 state filtering) - interpolated mtf - alerts options included {image} {image} {file}
Hello. I have been a long time voyeur of both you and Mladen and really appreciate all you do for the community. Would you be able to direct me the post for the channel that is in your screenshot? I think it may be useful in the system I am developing. And if it isn't too much to ask I would love to read up more on the averages 9.0 origination, calculations, etc as well. Again, thank you for all you do here!
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