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McGinley dynamic

An average that speeds up when price runs away from it.

John McGinley built a correction into the formula: the further price is from the line, the faster the line catches up.

In TradeXtool

Gate: Price close is above McGinley dynamic(14).

Watch out

The correction uses a fourth power. On a violent candle it can overshoot, and on thin data it can become unstable.

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