//+------------------------------------------------------------------+ //| McGinleyDynamic.mq5 | //| Copyright 2025, xxxxxxxx | //| | //+------------------------------------------------------------------+ #property copyright "Copyright 2025, xxxxxxxx" #property link "" #property version "1.00" #property description "McGinley Dynamic Indicator" #include //--- Indicator Window and Plot Properties --- #property indicator_chart_window #property indicator_buffers 1 #property indicator_plots 1 //--- Plot 1: McGinley Dynamic line #property indicator_label1 "McGinley" #property indicator_type1 DRAW_LINE #property indicator_color1 clrCrimson #property indicator_style1 STYLE_SOLID #property indicator_width1 2 //--- Input Parameters --- input int InpLength = 14; // Period input ENUM_APPLIED_PRICE InpAppliedPrice = PRICE_CLOSE; // Applied Price //--- Indicator Buffers --- double BufferMcGinley[]; double BufferPrice[]; //--- Global Variables --- int ExtLength; int price_handle; //+------------------------------------------------------------------+ //| Custom indicator initialization function. | //+------------------------------------------------------------------+ void OnInit() { //--- Validate and store input ExtLength = (InpLength < 1) ? 1 : InpLength; //--- Map the buffers and set as non-timeseries SetIndexBuffer(0, BufferMcGinley, INDICATOR_DATA); SetIndexBuffer(1, BufferPrice, INDICATOR_CALCULATIONS); ArraySetAsSeries(BufferMcGinley, false); ArraySetAsSeries(BufferPrice, false); //--- Create a handle to get the source price data price_handle = iMA(_Symbol, _Period, 1, 0, MODE_SMA, InpAppliedPrice); if(price_handle == INVALID_HANDLE) { Print("Error creating price source handle (iMA)."); } //--- Set indicator display properties IndicatorSetInteger(INDICATOR_DIGITS, _Digits); PlotIndexSetInteger(0, PLOT_DRAW_BEGIN, ExtLength); IndicatorSetString(INDICATOR_SHORTNAME, StringFormat("McGinley(%d)", ExtLength)); } //+------------------------------------------------------------------+ //| McGinley Dynamic calculation function. | //+------------------------------------------------------------------+ int OnCalculate(const int rates_total, const int prev_calculated, const datetime &time[], const double &open[], const double &high[], const double &low[], const double &close[], const long &tick_volume[], const long &volume[], const int &spread[]) { //--- Check for enough data if(rates_total < ExtLength) return(0); //--- Check if the source indicator is ready if(BarsCalculated(price_handle) < rates_total) return(0); //--- Copy the source price data into our buffer if(CopyBuffer(price_handle, 0, 0, rates_total, BufferPrice) != rates_total) return(0); //--- Main calculation loop (full recalculation for stability) for(int i = 1; i < rates_total; i++) // Start from 1 to access i-1 { // Skip until we have enough data if(i < ExtLength) { BufferMcGinley[i] = EMPTY_VALUE; continue; } // --- Initialization Step --- // The first McGinley value is an EMA of the source price if(i == ExtLength) { // To calculate the first EMA, we need an SMA as a starting point BufferMcGinley[i] = SimpleMA(i, ExtLength, BufferPrice); continue; // Move to the next bar } // --- Recursive Calculation Step --- double prev_mg = BufferMcGinley[i-1]; double source = BufferPrice[i]; // Avoid division by zero if previous value is 0 if(prev_mg == 0) { BufferMcGinley[i] = source; // Fallback to the current price continue; } // The core McGinley Dynamic formula double ratio = source / prev_mg; double denominator = ExtLength * MathPow(ratio, 4); // Another check to avoid division by zero if(denominator == 0) { BufferMcGinley[i] = prev_mg; // Keep the previous value continue; } BufferMcGinley[i] = prev_mg + (source - prev_mg) / denominator; } return(rates_total); } //+------------------------------------------------------------------+ //+------------------------------------------------------------------+