This is the second script I am posting on TV . This is a Trend based indicator with the option of using it as Exponential Moving Averages or Rsi Moving Averages.The RMA's are giving better signal than the Exponential Moving Averages. The script has the option to select either of them. Works on all time frames. The default options are working good on all time frames.
With the help of Indicator Properties following Options can be changed a. Type of moving averages for using Guppy method b. Option to use higher time frame Signal moving average of your choice along with higher time frame c. Enable or disable to show signal EMA/RMA on chart . d. Enable or disable to show Guppy EMA/RMA on chart
Indicator Properties: 1. Select to use EMA , Uncheck to use RMA: --> Check to Select EMA based Guppy or Uncheck to use RMA based Guppy 2. Fast EMA/RMA For Cross --> Fast EMA/RMA cross Length 3. Slow EMA/RMA For Cross --> Slow EMA/RMA Length 4. Signal EMA/RMA --> Moving average to use for Signal filters. This moving average will be based on the timeframe u will be selecting below 5. Time interval for Signal EMA/RMA (W, D, [min 60,120,240]) --> Which time frame moving average you want for the above Signal EMA 6. Do you want to use Signal EMA/RMA for Signals? --> Do you want to use Signal EMA as filter or just the cross of Guppy . Check to use and uncheck for just cross 7. Show Signal EMA on Chart? --> Do you want to display higher timeframe Signal EMA on chart 8. Show Guppy-Slow-Red On Chart? --> Shows/Hides Slow EMA/RMAs 9. Show Guppy-Fast-Green On Chart? --> Shows/Hides Fast EMA/RMAs Examples: GbpAud 15m