This is a MACD version with MaGinley Dynamic indicator invented by John R. McGinley. MaGinley Dynamic can be used as a moving average and is a highly reliable indicator. Here i use it instead of EMA witch normally is used to calculate MACD.
For more information of MaGinley Dynamic
Mcginley Dynamics and Volume weighted moving average
Timeframe: 1 hour
Use 200 MA
Buy: If the price is above 200 MA, take only the buy signal.
Sell: If the price is below 200 MA, take only the sell signal.
Ignores first x amount of bars to include in the calculation to prevent McGinley Dynamic from staying a flat line.
The length is equal to 60% of regular length, for ex. 30EMA is input as 18 length
Trend tool, not ideal as a signal tool