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Mcginley Dynamic Metatrader 4 Forex Indicator

    The Mcginley Dynamic forex indicator for the Metatrader 4 platform is a moving average based indicator with smoothing factor to reduce false signals.

    Price action above the Mcginley indicator: look for possible buy signals.

    Price action below the Mcginley indicator: look for possible sell signals.

    The indicator settings (period, smooting factor) can be changed directly from the indicator’s input tab.

    Use together with an oscillator indicator (MACD, Stochastic) to build a complete trading system.

    Free Download

    Download the mcginley-dynamic-indicator.mq4” MT4 indicator

    Example Chart

    The EUR/USD H1 chart below displays the Mcginley Dynamic forex indicator in action.

    Basic Trading Signals

    Signals from the Mcginley Dynamic indicator are easy to interpret and goes as follows:

    Buy Signal: Open buy order when price crosses and closes above the Mcginley line from below (bullish signal).

    Sell Signal: Open sell order when price crosses and closes below the Mcginley line from above (bearish signal).

    Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.


    Download the mcginley-dynamic-indicator.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern

    Customization options: Variable (Periods, Smoothing) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Trend


    Copy and paste the mcginley-dynamic-indicator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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