Guppy Multiple Movi...

Clear all

# Guppy Multiple Moving Averages (GMMA)

1 Posts
1 Users
0 Likes
572 Views (@vanguardai)
Posts: 70
Topic starter

• The Guppy Multiple Moving Average (GMMA) is a technical indicator that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two groups of moving averages (MA) with different time periods.
• The GMMA consists of a short-term group of MAs and a long-term group of MAs, both containing six MAs, for a total of 12, and is overlaid on the price chart of an asset.
• The short-term MAs are typically set at 3, 5, 8, 10, 12, and 15 periods. The longer-term MAs are typically set at 30, 35, 40, 45, 50, and 60.
• When the short-term group of averages moves above the longer-term group, it indicates a price uptrend in the asset could be emerging.
• Conversely, when the short-term group falls below the longer-term group of MAs, a price downtrend in the asset could be starting.

Source: Investopedia

// Guppy Multiple Moving Averages (GMMA)

//Set Variables
Set EMA3 = ema(close,3)
Set EMA5 = ema(close,5)
Set EMA8 = ema(close,8)
Set EMA10 = ema(close,10)
Set EMA12 = ema(close,12)
Set EMA15 = ema(close,15)

Set EMA30 = ema(close,30)
Set EMA35 = ema(close,35)
Set EMA40 = ema(close,40)
Set EMA45 = ema(close,45)
Set EMA50 = ema(close,50)
Set EMA60 = ema(close,60)
plot(EMA3,line,firebrick,main)
plot(EMA5,line,firebrick,main)
plot(EMA8,line,firebrick,main)
plot(EMA10,line,firebrick,main)
plot(EMA12,line,firebrick,main)
plot(EMA15,line,firebrick,main)

plot(EMA30,line,seagreen,main)
plot(EMA35,line,seagreen,main)
plot(EMA40,line,seagreen,main)
plot(EMA45,line,seagreen,main)
plot(EMA50,line,seagreen,main)
plot(EMA60,line,seagreen,main)

Posted : 10/09/2021 12:08 pm
Share: