Guppy MMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

It has become more up to date and multiple timeframe options have been added. Even though the original version is based on EMA, we can choose which averaging type to use.

The original description (and thus the rules) is this:

Guppy Multiple Moving Average™

This indicator was developed by Darryl Guppy. It is fully explained in Trend Trading . Capture the inferred behavior of traders and investors using two sets of averages. Use fractal replication to identify significant trend changes from previous points of agreement and disagreement.

Applied to understanding the characteristics of nature and trends. Used to assess the extent and scope of trading activity. Excessive trading activity can derail a stable and strong trend. Trend analysis can more effectively select appropriate trading strategies, such as breakouts, trend continuations, etc. Can be applied to long and short trades. Can be used for intraday trading. Also used for long-term investment style analysis.

Add established trend weakness at price points

Join established trends and break new highs

Use rebound dips and rallies to achieve trading breakouts

Treat a downtrend bounce as a rebound than a trend breakout

Identify trend developments

Degree and nature of secular separation Group of terms defining the strength or weakness of a trend

The degree and nature of separation in the short term The term group defines the nature of trading activity.

The degree and nature of the separation between the two sets of moving averages defines the characteristics of the trend.

Compression indicates price and value.

Squeezing both groups together indicates a significant re-evaluation of the stock and trend potential.

Trading averages in the direction of the long-term group

Relationships between groups provide necessary information about the nature and characteristics of trends.

Do not use as a moving average crossover tool

Ability to effectively analyze trending environments

Improve selection tactics for appropriate trades

Better understand trend strength

Effective evaluation of abnormal price movements such as dips and spikes

Effectively understand trading activity and behavior

Not suitable for less trending stocks

Not available for all trending stocks

D Oh is not used as a moving average crossover signal

Coloring Because intermediate values ​​are done automatically, the actual number of parameters is smaller and the indicator should be easy to use.

Attachment download

📎 guppy_mma.mq5 (14.55 KB)

Source: MQL5 #16711