Dear Friends
Anyone please convert the Formula into Excel Sheet
McGinley Dynamic
Developed by John McGinley in 1990 and published in the Market Technicians Association’s Journal Of Technical Analysis 1997, the McGinley Dynamicattempts to overcome the problems of more traditional simple and exponential moving averages by automatically adjusting itself relative to speed of the market. This allows the McGinley Dynamic to follow prices move closely in fast and slow moving markets while better avoiding price separation and whipsaws. The McGinley Dynamic is calculated by the formula:
Dynamic = D1 + (Price - D1) / (N * (Price/D1)^4)
Where:
D1 = previous value of Dynamic
N = smoothing factor (periods)
i need N has value of 10
Anyone please convert the Formula into Excel Sheet
McGinley Dynamic
Developed by John McGinley in 1990 and published in the Market Technicians Association’s Journal Of Technical Analysis 1997, the McGinley Dynamicattempts to overcome the problems of more traditional simple and exponential moving averages by automatically adjusting itself relative to speed of the market. This allows the McGinley Dynamic to follow prices move closely in fast and slow moving markets while better avoiding price separation and whipsaws. The McGinley Dynamic is calculated by the formula:
Dynamic = D1 + (Price - D1) / (N * (Price/D1)^4)
Where:
D1 = previous value of Dynamic
N = smoothing factor (periods)
i need N has value of 10