The McGinley Dynamic Average Indicator MT5 is a popular and free Forex indicator for MetaTrader 5. It is a useful tool for traders, as it helps identify the direction of the trend and the strength of the trend. The indicator is based on the average of the closing prices over a given period of time, and it is designed to smooth out the price fluctuations so traders can get a better idea of the trend. This indicator is especially useful for traders who want to take advantage of short-term trends, as it will help them identify when the trend is beginning to change.
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