He leads seminars on trading in Australia, Asia, China and USA.Guppy Multiple Moving Average (GMMA) is an indicator based on the relationships between groups of moving averages. Each group of moving averages in GMMA indicator provides insight into the behavior of two dominant market groups - traders and investors. Thisindicator allows a trader to understand market relationships shown on the chart and thus choose the most appropriate trading methods and tools.
GMMA indicator is designed to understand the nature of the trend movement on a daily or intraday basis.Implied traders activity is tracked by using a group of short-term moving averages. Traders always start a trend change. Their actions push prices upwards in anticipation of a trend change fro0 Guppy Multiple Moving Averages Guppy multiple moving average metatrader Forex IndicatorsThis is one of my favorite trading indicators. Buy Area: all moving averages are pointing up.
Used to assess the degree and extentof trading activity. Excessive trading activity can destabilisestrong trends. Trend analysis enables more effective selection ofappropriate trading strategies such as breakout, trend continuationetc. Can be applied to long side and short side trading. Can beapplied to intraday trading.
Should we wait for reverse signal before entering.
Guppy multiple moving average metatrader