The McGinley Dynamic indicator is a moving average that was invented by John R.McGinley. Mr. McGinley believed there was inherent issues with how most moving averages were used, especially as a system themselves (he thought they should be used as a smoothing mechanism instead of a system). He tried to solve this problem by inventing the McGinley Dynamic that automatically adjusts itself to the speed of the market.
As with all of our moving averages, the McGinley Dynamic is built on our Moving Average Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types. To preview “The Framework” that makes our indicators a necessary part of every traders arsenal, please review the following video: