TDU McGinley River

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1. The McGinley River

McGinley River NinjaTrader 8

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. John R. McGinley, a market technician, is the inventor of the eponymous indicator.

The McGinley Dynamic indicator attempts to solve a problem inherent in moving averages that use fixed time lengths. The basic problem is that the market, being the great discounting mechanism that it is, reacts to events at a speed that a moving average will not be able to cope with. This issue is called the lag, and there is no type of moving average, whether it be simple (SMA), exponential (EMA), or weighted (LWMA), that is not affected by this. Understandably, this will call into question the reliability of that moving average. The McGinley Dynamic indicator takes into account speed changes in a market (hence, "dynamic") to show a smoother, more responsive, moving average line.

The speed of the market is not consistent; it frequently speeds up and slows down. Traditional moving averages, such as a simple moving average or an exponential moving average, fail to account for this market characteristic. The McGinley Dynamic indicator solves this problem by incorporating an automatic smoothing factor into its formula to adjust to market moves. This speeds, or slows, the indicator in trending, or ranging, markets.

This is not to say that the aforementioned issue of lag has been eradicated, only that the reaction to market movement is faster. The key point to note is that, due to its smoothing constant, it will be more market reactive than other moving averages. The user can customize this indicator through the selection of the number of periods (N).

We took the McGinley indicator and made a few changes to it. First, we added upper and lower bands. Any price trading inside the bands is considered noise. When price comes outside of the bands then we have a steady trend.


2. Settings

McGinley River settings

In the settings, you can specify the Period & smooth factor for the McGinley line.

Next, you can choose if you want to show the arrows, fill the river (bands) and or paint the candle bars


4. Alerts

 McGinley River Alerts

The indicator can give an audible alert when the trend changes direction. 

Just enable the alerts and choose a sound file which you want to be played



5. Bloodhound / Strategy support

 The indicator exposes a Trend plot which you can use in your own bloodhound templates.

  • -1 = trend is down
  • +1 = trend is up


6. Features

  • Shows McGinley line with 2 outer bands (the river) 
  • Can give audible alerts when trend changes
  • can paint bars
  • can show arrows when trend changes
  • Support for Bloodhound/strategies
  • Any timeframe
  • Any market


7. Changelog

14-jan-2023 v1.0.0.2

  • added squeeze marker which shows when price is slowing down and either reversing or going into a range 

9. Media

McGinley River NinjaTrader 8McGinley River NinjaTrader 8McGinley River NinjaTrader 8