An implementation of the Guppy Multiple Moving Average, as originally described by Daryl Guppy.
Alert presets have been added for convenience, including
- Price enters investor group - Price rises over investor group - Price falls under investor group - Trader-group rises above Investor group - Trader-group falls below Investor group
Learn more about interpretation and uses of the GMMA in some of Daryl's books, I have thoroughly enjoyed reading "Trend Trading" and am looking forward to reading more of his works.
Hey man, this is a great indicator. Thanks.
I'm a beginner in the trading world and i have a couple of questions regarding your indicator.
Could you be so kind and tell me the difference between Buy swing Arrow, Buy Break arrow, Sell swing arrow and sell break arrow as i am a little confused. Many thanks in advance.
ocosuoha
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Could you shed more light on the differences between "Buy swing arrow", "Buy break arrow", "Sell swing arrow", and "Sell break arrow". Also the colour codes on the "up" and "down". I am confused understanding them and unable to interpret them based on the outcomes. Thank you.
Kuch
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Thank you and very helpful to get this MT4 into TV with your touches.
martinfou
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Very cool script!
I can tell you spent a lot of time on this one. I have experience building robots with metatrader and calgo but I am new to trading view and pine.
I am almost able to make sense of most of the script but I am baffeled by the ankor and multiplier.
What is the purpose of these 2 variables ?
Thanks
optictropic
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Thanks @martinfou, I am actually not as familiar with metatrader and calgo, but that kind of background sounds very interesting!
The anchor can be used to display a consistent timeframe's moving average, no matter which timeframe the users switches to. To put that another way, I can select the 1440 anchor (1 day's worth of minutes) and then if I switch to the 15-minute timeframe, this indicator will still display the 1-day Guppy's lines on my 15-minute timeframe chart.
The multiplier is a helper-variable (to the anchor) that _multiplies_ the currently-selected timeframe's Guppy MMA values, to make them equivalent into those of the selected anchor's timeframe.
Cheers!
martinfou
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@optictropic, thanks! It makes a lot more sense now.
I'm a beginner in the trading world and i have a couple of questions regarding your indicator.
Could you be so kind and tell me the difference between Buy swing Arrow, Buy Break arrow, Sell swing arrow and sell break arrow as i am a little confused. Many thanks in advance.