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The Guppy Multiple Moving Average is a technical indicator that displays two sets of moving averages. The first set contains six exponential moving averages that use short time frames to monitor the trading activity of short-term traders. The second set contains six exponential moving averages that use long time frames or periods to monitor the trading activity of long-term traders. The GMMA formula can be found here GMMA - Guppy Multiple Moving Average.
The Guppy MMA Oscillator is a technical indicator developed by Leon Wilson. The oscillator line, which is called the fast Guppy, is what this function returns. The second line is called the slow GUPPY or the trigger line and it is simply the exponential moving average of the oscillator line.
The fast GUPPY is calculated by taking the difference between the average value of all moving averages in the first set (described above) and the average value of all moving averages in the second set (described above).
The slow GUPPY -Trigger line- is calculated by smoothing the fast GUPPY with an exponential moving average.
SlowGuppy = ema(GuppyOscillator(), 13);
In the above example, I have used a 13-bar exponential moving average to calculate the slow Guppy MMA line.
As with many trend following indicators, a bullish signal occurs when the fast GUPPY line crosses above the slow GUPPY line and a bearish signal when the fast GUPPY line crosses below the slow GUPPY line.
Example of a bullish signal rule:
rule1 = cross(GuppyOscillator(), ema(GuppyOscillator(), 13));
Example of a bearish signal rule:
rule1 = cross(ema(GuppyOscillator(), 13), GuppyOscillator());
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
