McGinley dynamic
A self-adjusting average that tracks price faster when price runs away from it.
Formula
MD = MDₚᵣₑᵥ + (Price − MDₚᵣₑᵥ) ÷ (N × (Price ÷ MDₚᵣₑᵥ)⁴)
How to use it
A smoother alternative to fixed-length averages that keeps up in fast markets.
In Kereon
Charts · Superchart. Default length 14, seeded with the EMA at the first full window.
Also called: dynamic.