It would be used similar to a moving average. Follow these directions on how to Import into thinkorswim: 1) copy the link via hitting CONTROL C The McGinley Dynamic Indicator is a moving average with a volatility filter designed to further smooth out the price action. When the indicator goes above the signal line, it means the trend is bullish; and when it drops below the signal line, it indicates a bearish market.According to this strategy, when the McGinley dynamic indicator goes below the price action, and the KST indicator moves above the zero-line; it indicates a buy signal.In the above chart of NZDJPY, we can see that the market was in a pullback phase initially. And, the stop-loss can be kept just below the most recent candle. When the KST indicator goes below the zero-line, and the McGinley Dynamic Indicator also goes below the price action, it indicates a sell. Below in the nodes with the blue outlines is the McGinley Dynamic Indicator, the yellow nodes are the test. Also, when you create a new trading system always backtest it on a simulator first because some of the indicators work best in ranges, some of them works in trends.In this strategy, we paired the McGinley Dynamic Indicator with the Know Sure Thing Indicator to identify trading signals.The Know Sure thing is a momentum indicator. Happy Trading.No words for the writer. McGinley Dynamic Indicator is a fascinating tool developed by a market technician who studied the indicators and markets for around 40 years. Used with Permission. Please read the Supporting documentation for any claims, comparison, statistics, or other technical data will be supplied upon request. As a result, the DYMI is more sensitive to fluctuations in the market and displays changes more rapidly than the RSI can. When the crossover happened on the McGinley indicator, and the Demarker gave a reversal at the overbought area, it is a sign of trend reversal.If traders use only one indicator for their analysis, then most of the time the indicator identifies many signals, where most of them are fake. The Dynamic Momentum Index study is quite similar to Welles Wilder's Relative Strength Index. In this way, one can easily make 3-4R in every trade.Also, note that this strategy generates fewer trades because it works well only in a trending market. The Dynamic Momentum Index study is quite similar to Welles Wilder's Relative Strength Index. That is, it speeds up and slows down inconsistently.During the research of moving averages, McGinley found many problems in this indicator. However, the signals generated are always accurate.In this strategy, when the McGinley gives a crossover above the price action, and Demarker indicator provides a sharp reversal at the overbought area, it indicates bearishness in the market.Initially, the overall trend was down in the below GBPJPY chart. The difference is that DYMI uses variable time periods (from 3 to 30), whereas RSI uses fixed ones. It shows the difference between the closing price of the current day and the closing price of the previous two days. Firstly, the McGinley indicator shifts below the price action, followed by the KST indicator, which goes above the zero-line. Download AFL code from here. I am managing Asset Management Platform named Hashloops LLP. I came across "McGinley Dynamic" in a thread on this forum. This indicator implements a variation based on the following formula: v[0] = v[1] + (Close[0] - v[1]) / (.618 * n * (Close[0] / v[1]) ^ 4) This indicator improves upon simple moving average lines by adjusting itself for shifts in the market speed. As far as the take profit is concerned, when the KST indicator goes way above the zero-line and gives the crossover, one can close the trade.When McGinley Dynamic Indicator goes above the price action, and the KST indicator goes below the zero-line, it indicates the selling trade.Below is the chart of NZDJPY on the 15min timeframe. ... ThinkorSwim is Property of TD Ameritrade. I am a Professional FOREX trader, Cryptocurrency Analyst, Blockchain Vehement, Professional Poker Player and Real Estate Investor. The Moving Average Convergence Divergence (MACD) indicator is plotted in a separate panel below the SPX. Technical Indicators and Chart Studies: Definitions and Descriptions However, we suggest you follow the rules, by closing the position when KST indicator gives you the crossover below the zero-line.Traders, who always follow the rules, make more money than the one who tries to make a million dollars in just one trade.