Simple backtest for McGinley Dynamic found here:
What this backtest includes:
-Longs and shorts
-Customization of inputs for McGinley Dynamic calculation
-Take profit 1 (TP1), and Stop-loss (SL), calculated using standard RMA-smoothed true range
-Activation of TP1 after entry candle closes
Happy trading!
The McGinley Dynamic indicator is a type of moving average that was designed to track the market better than existing moving average indicators. It is a technical indicator that improves upon moving average lines by adjusting for shifts in market speed.
Included:
- Various average modes to fine-tune the signal
This is an exact clone of the McGinley Dynamic MT4 indicator