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NeoChartLabs McGinley Dynamic

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One of our Favorite Indicators - the McGinley Dynamic

The MGD is adaptive, it speeds up for crypto and slows down for stocks, this version turns green when bullish and red when bearish - this is a fast indicator so the colors are more reliable on higher time frames.

The McGinley Dynamic is a smart, adaptive moving average technical indicator created by John R. McGinley, designed to overcome the lag and whipsaw issues of traditional moving averages (MAs) by automatically adjusting to varying market speeds, resulting in a smoother, more responsive line that tracks price action better, acting as a reliable trend-following tool or baseline in financial charts.

Shout out to LOXX for the original script, updated to v6.

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