JustUncleL

GMMA Oscillator v1 by JustUncleL

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On request, here is my version of the Guppy GMMA Oscillator (and SuperGuppy Oscillator) to match with my Guppy and Super Guppy indicators.

Description:
The Guppy Multiple Moving Average (GMMA) is a technical indicator that displays two sets of moving averages. The first set contains six exponential moving averages that use faster periods to monitor the trading activity of short-term traders. The second set contains six exponential moving averages that use slower periods to monitor the trading activity of long-term investors.

The GMMA Oscillator is a technical indicator developed by Leon Wilson. The oscillator line, which percentage difference between the Fast and Slow GMMA sets. The second line is the signal line and it is simply the exponential moving average of the oscillator line.

As with many trend following indicators, a bullish signal occurs when the oscillator line crosses above the signal line and a bearish signal when the oscillator line crosses below the signal line.

Options:
Select between Guppy MMA or SuperGuppy MMA calculated Oscillator.
  • Option to apply smoothing to the Oscillator line (recommendation 3)
  • Option to change Signal line period length
  • Option to use Anchor Time frame to match the Guppy or SuperGuppy chart
  • Option to show coloured Bullish / Bearish trading Zones

Crossover alerts are also generated to be picked up by the TradingView's Alarm Sub-system.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
JustUncleL

Comments

sir very very thanks for your indicator sir want to know that when grey lines occur we have to exit the position ?... and sir 15 min time frame will work on this indicator. if not then which time frame is best for this indicator
+5 Reply
mbeaz57776 ramsita1
@ramsita1, I would keep eye on candles... if it gets smaller smaller is good time get out..thats what I do before sudden reversals
Reply
Is this code available for MT4?
+2 Reply
JustUncleL DayTradingOil
@DayTradingOil, Pinescript cannot be directly imported into MT4 and I don't code for the MT4 platform. But I'm sure there would be a version of this indicator out in the MT4 libraries somewhere.
+2 Reply
I m beginning to love this GMMA it really helps pinpoint when get in and out trades forex and even stocks..even one minute or 15 min no matter what !! love this along with other indicators like moving averages...gives me a big advantage ... thanks bunches
Reply
Hello JustUncleL - I am looking for a combination of two indicators - Can you make it for me : below are the details : Technical requirements:

Indicators :
a. Coloured MA R3-16 by JustUncleL
b. GMMA Oscillator v1 by JustUncleL

Trading Scope:
1. Condition when Buy and Sell alert generates – Once per Bar close

Buy Signal : When both below conditions meet
Coloured MA R3-16 by JustUncleL – Should be in Buy Range
GMMA Oscillator v1 by JustUncleL – Should be in Buy Range

Exit: Anyone indicator moving to Sell Zone

Sell Signal : When both below conditions meet
Coloured MA R3-16 by JustUncleL – Should be in Sell Range
GMMA Oscillator v1 by JustUncleL – Should be in Sell Range

Exit: Anyone indicator moving to Buy Zone

Nutshell: Merging two indicators coding and making one.

Further features:

Must - Should be able to select the date range and see the backtest report with Win / Loss streaks and total P&L.
Reply
Great work. Divergences work like a charm when we compare with price action in this tool. Thanks.
Reply
Great work ! Thanks..
Reply
Thank you for sharing! Some absolutely splendid indicators you have posted!!! Much appreciated!
Reply
Wow!
Reply
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