Introduction to the Guppy Multiple Moving Averages Indicator

The Guppy Multiple Moving Averages Indicator was developed by an Australian trader named Daryl Guppy. It is a trend following technical indicator which is based on a simple concept of using moving average lines to objectively identify trend direction.

What is the Guppy Multiple Moving Averages Indicator?

The Guppy Multiple Moving Averages (GMMA) Indicator is a trend following technical indicator which identifies both long-term and short-term trend directions using multiple moving average lines.

This indicator plots two sets of moving average lines. One set of moving average lines represent the long-term trend and is painted green, while the second set of moving average lines represent the short-term trend and is painted red.

This version of the GMMA Indicator also plots a main long-term moving average line which is a 200-period Exponential Moving Average (EMA) line.

Guppy Multiple Moving Averages Indicator for MT4

How the Guppy Multiple Moving Averages Indicator Works?

The GMMA Indicator plots six moving average lines for the short-term set and another six moving average lines for the long-term set. The short-term moving average lines are 3, 5, 8, 10, 12, and 15-period Exponential Moving Average (EMA) lines. The long-term moving average lines on the other hand are 30, 35, 40, 45, 50, and 55-period Exponential Moving Average (EMA) lines.

If toggled on, this indicator would also plot a 200 EMA line as its main long-term moving average line.

How to use the Guppy Multiple Moving Averages Indicator for MT4

The GMMA Indicator has two settings which can be toggled on or off.

The “DiS” option allows users change the display settings of the indicator. It could either be Line or Arrow. Line would plot the standard moving average lines, while Arrow would only plot an arrow pointing the latest direction of the trend.

“Use Main MA” allows users to toggle the 200 EMA line on or off.

How the Guppy Multiple Moving Averages Indicator Works

The GMMA Indicator is mainly used as a trend direction indicator or filter wherein traders trade only in the direction of the trend and only when there is a confluence of both the long-term and short-term trends. Aside from this, it can also be used as an area of dynamic support and resistance where price can reverse from.

Buy Trade Setup

When to Enter?

The short-term trend moving average lines should be above the long-term trend moving average lines, while both sets should be above the main moving average line. Wait for price action to pullback towards the long-term moving average line set. Open a buy order as price action shows signs of a bullish reversal. Set the stop loss on the support below the entry candle.

When to Exit?

Close the trade as price action shows signs of a bearish reversal.

How to use the Guppy Multiple Moving Averages Indicator for MT4 - Buy Trade

Sell Trade Setup

When to Enter?

The short-term trend moving average lines should be below the long-term trend moving average lines, while both sets should be below the main moving average line. Wait for price action to pullback towards the long-term moving average line set. Open a sell order as price action shows signs of a bearish reversal. Set the stop loss on the resistance above the entry candle.

When to Exit?

Close the trade as price action shows signs of a bullish reversal.

How to use the Guppy Multiple Moving Averages Indicator for MT4 Sell Trade

Conclusion

Moving average lines are the most basic technical indicator that traders use to identify trend direction objectively. This indicator, which uses multiple moving average lines, is an effective tool for identifying trend direction and potential reversal areas.

MT4 Indicators – Download Instructions

Guppy Multiple Moving Averages Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.

Guppy Multiple Moving Averages Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

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How to install Guppy Multiple Moving Averages Indicator for MT4.mq4?

  • Download Guppy Multiple Moving Averages Indicator for MT4.mq4
  • Copy Guppy Multiple Moving Averages Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 4 Client
  • Select Chart and Timeframe where you want to test your MT4 indicators
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
  • Right click on Guppy Multiple Moving Averages Indicator for MT4.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Guppy Multiple Moving Averages Indicator for MT4.mq4 is available on your Chart

How to remove Guppy Multiple Moving Averages Indicator for MT4.mq4 from your Metatrader Chart?

  • Select the Chart where is the Indicator running in your Metatrader 4 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Guppy Multiple Moving Averages Indicator for MT4 (Free Download)

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La entrada Guppy Multiple Moving Averages Indicator for MT4 se publicó primero en ForexMT4Indicators.com.

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