McGinley Dynamic Indicator:
- It was invented by John R. McGinley.
- It would automatically adjust itself in relation to the speed of the market.
This future can be very helpful as it is sometimes difficult to choose the right period for the MA.
- It also helps to account for the gap that often exists between prices and moving average lines.
- Can't be used as a single indicator and we need to combine this with other indicators or another McGinley indicator.
Price actions respect moving averages because so many traders use them in their strategies.
Because of the formula, the Dynamic Line speeds up in down markets and moves more slowly in uptrends. One wants to be quick to sell in a down market, yet ride an up-market as long as possible.
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