ChuckBanger

McGinley Dynamic Convergence/Divergence [ChuckBanger]

This is a MACD version with MaGinley Dynamic indicator invented by John R. McGinley . MaGinley Dynamic can be used as a moving average and is a highly reliable indicator. Here i use it instead of EMA witch normally is used to calculate MACD .

For more information of MaGinley Dynamic
https://www.investopedia.com/articles/fo...

Tip jar, if you want to support my indicators work
BTC: 3EV8QGKK689kToo1r8pZJXbWDqzyJQtHy6
LTC: LRAikFVtnqY2ScJUR2ETJSG4w9t8LcmSdh
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.

Want to use this script on a chart?