Description:
The Moving Average Guppy is a technical analysis indicator that combines multiple exponential moving averages (EMAs) of different timeframes to identify trends and generate trading signals. The strategy is named after its creator, Daryl Guppy, who designed it to reduce noise and provide a more accurate representation of market trends.
Input Parameters:
- Fast: Faster moving average.
- Slow: Slower moving average.
- MA Type: Select the moving average type such as EMA, SMA, or HullMA.
- Offset: The offset value is used to access the data of any candle or indicator concerning the current candle, to access the current candle data it will use the offset value of "0", to access previous candle data "-1" offset value will be used, access data of previous to previous "-2" will be used.
Use Cases:
- Identifying Trends: Provides a clear visual representation of the trend by plotting multiple moving averages, which can help traders identify the strength and direction of the trend.
- Identifying Support and Resistance Levels: When the short-term moving averages cross above the long-term moving averages, it indicates that the stock is in an uptrend, and the moving averages can act as support levels.
This feature can be used in:
- Market Scanner
- Strategy Tester
- Dynamic Alerts
- Multi-Factor Alerts
- Smart Checklist
Do you want to learn more? Check out our Learning Center Article.
May 13, 2024