Yes, I have noticed it, but so far can not find why it does not work (since it works in all the other indicators, seems that some of the math is causing in this case - case of adxm - a problem). If I find a solution will post it
McGinley Dynamic is a poor performer when the prices are repeating from bar to bar. In ADXm, there are periods when di+ and di- are repeating multiple times as a value and that prevents from getting reasonable results when the result smoothing is set to it. I am not sure that there is any solution in the case of ADXm
Thank you very much for your help Mladen
i want to use in non standard time frame
In order to avoid some problems (and explanations) and since McGinley Dynamic average can not handle ADXm calculation steps (it would need to be made a different math calculation in order to be able to do so, but then it would not be a McGinley Dynamic ma), here is this version : adxm_averages_2_5.ex4
PS: some more minor ADXm calculation changes done (not in the averages, but in the ADXm itself) - results are more logical in some cases
Which settings did you use on the example?
When a bug is planted in the head, then it does not leave it easily
Found a completely different formula for McGinley Dynamic average : metastock formula. And decided to give it a try. And even though the average itself is not too different, the adxm result appeared (finally ). So here is a version that can calculate ADXm using McGinley Dynamic : ADXm averages 2_6.ex4
PS: results are sometimes strange, but I find it useful even in that strange format
PPS: even though John McGinley claims that his formula (which is different than the metastock formula) is worthless, I decided not to use his formula. Difference between values produced by his formula and metastock formula are marginal, but the metstock formula does not suffer from errors when there is a series of same values (in which case John McGinley's formula fails miserably), and I find it better. Assuming that there will be no repeated values is rather naive
so much thanks for taking so much serious headache to sort out some positive solutions.
And as a consequence, a new averages indicator : averages_-_mtf__alerts_7_1.ex4
This version of indicator is mainly made because of the McGinley Dynamic average. The John McGinley has some illogical parts (very poor when values are repeated, for one) and some things that are even less than illogical (for example he advises that the correction factor should be 60% of previous value for period 20, nn% of previous value for period mm, and so on), and that is why I decided to use metastock formula as a basis and to adjust it. So this version does that, and no, no manual % adjustment needed
Example bellow is the new McGinley Dynamic average
so thanks for updating the averages indicator,i am afraid of you taking too much headache for us traders by updating and altering too much that already done, .