Guppy Multiple Moving Average (GMMA) Bull Indicator MT4 Download | Forex Indicator Download - MetaTrader 4 Resources

The Guppy Multiple Moving Average (GMMA) long indicator uses six exponential moving averages (EMA) to identify the strength and direction of the market trend . The “long” version of this trading tool focuses on longer-term moving averages and is primarily used to confirm strong trends.

The GMMA plots its moving average red on the chart.

GMMA indicator specification table

The table below summarizes the main features of the Guppy Multiple Moving Average Long indicator.

Guppy Multiple Moving Average (GMMA) Overview

In addition to demonstrating trend strength and direction , Guppy Moving Averages act as dynamic support and resistance zones . When the price is below the line , they act as resistance ; when the price is above , they act as support .

bullish trend conditions

On the AUD/USD 30-minute chart , the upward movement GMMA indicates a bullish trend bias .

As shown in the chart, the price touched two points at the moving average , each time supported by them .

Bearish trend conditions

According to the 1-hour Bitcoin (BTC) chart , the downward movement on the GMMA results in a bearish trend forming .

Additionally, the price appears bearish after touching the moving average bands twice, reinforcing them as resistance .

GMMA indicator settings

The image below shows the settings panel for the Guppy Multiple Moving Average Long indicator:

• Color: Set the color of the Guppy Moving Average

Conclusion

Using six moving averages, the Guppy Multiple Moving Average Long Indicator creates dynamic support and resistance levels . The overall direction of these averages clearly indicates market bias .

This MetaTrader 4 indicator is called a powerful technical analysis tool . With its dynamic line system, it is adaptable to all trading strategies .