Pr0phet

Chad Guppy (Prophet)

Guppy with added 100, 200, and 300 EMAs and candle-neutral colors.
May 03
Release Notes: Added EMA13. Increased width of 13 and 30 EMAs.
May 03
Release Notes: Added better chart.
May 15
Release Notes: Added 20 EMA (green).
May 15
Release Notes: Fixed chart.
May 15
Release Notes: Fixed chart.
May 15
Release Notes: Fixed chart.
May 15
Release Notes: Fixed chart.
Remove from Favorite Scripts Add to Favorite Scripts
Adapted from the Morpheus Guppy with the following changes:

1) Colors adjusted. "Hotter" colors are faster moving EMAs. Red EMAs changed to aqua to eliminate subconcious bearish/bullish bias. Faster EMAs changed to Yellow.

2) Added EMA13, 1EMA100 (orange), and included both EMA200 (lighter purple) and EMA300 (darker purple). Some other guppy scripts include the EMA200, others include the EMA300, this includes both as I find both useful.

4) Increased width of EMA13 and EMA30, which can be viewed as significant EMAs on shorter timeframes.


How to use:

1) Slower (aqua) EMAs represent "investor" EMAs. When they spread out, it indicates a stronger trend which "investors" are buying or selling into.

2) Faster (yellow) EMAs represent "trader" EMAs. These are more volatile, and will often pullback to the investor EMAs, which represents a good time to enter a position if the investor EMAs have a wide spread, and other indicators and price action agree.

3) The EMA100, EMA200, and EMA300 offer indicators as to whether the market is in a bull trend (trading above three slower EMAs) or bear trend (trading below three slower EMAs).They also often act as a support or resistance.

4) When trader EMAs compress and "slice through" the investor EMAs, it often represents the start of a new trend rather than a temporary dip/pump.

5) When investor or trader EMAs spread too wide (they'll look ragged), it often means there is a bubble and a significant correction is about to happen.

6) By itself, the guppy does not offer buy/sell signals. It is a useful tool to analyze a trending market in conjunction with other indicators and price action. It should not be used in sideways, choppy, and consolidating markets.


Enjoy!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out