DARYL GUPPY'S MMA (MULTIPLE MOVING AVERAGES)
This script plots 2 separate bundles of moving averages, consisting of 6 different MAs each, with the goal to avoid some false signal provided by individual MAs, and was designed by Daryl Guppy, an Australian trader.
The first bundle consists of 6 "fast" MAs (default width: 3, 5, 8, 10, 12, 15 periods) and is highlighted in blue. The second consists of 6 "slow" MAs (default width: 30, 35, 40, 45, 50, 60 periods) and is highlighted in orange. However I made it possible to modify the width for each MA. The original Daryl Guppy's MMA is made of EMAs, however this script also includes the possibility to plot SMAs instead.
From an operational point of view, those bundles act like individual MAs. So the trader should watch for crosses, convergences and divergencies between the 2 bundles and between the individual averages.
The first bundle consists of 6 "fast" MAs (default width: 3, 5, 8, 10, 12, 15 periods) and is highlighted in blue. The second consists of 6 "slow" MAs (default width: 30, 35, 40, 45, 50, 60 periods) and is highlighted in orange. However I made it possible to modify the width for each MA. The original Daryl Guppy's MMA is made of EMAs, however this script also includes the possibility to plot SMAs instead.
From an operational point of view, those bundles act like individual MAs. So the trader should watch for crosses, convergences and divergencies between the 2 bundles and between the individual averages.
Release Notes:
Fixed some error inside the code: previously the script only plotted EMAs; now it will let you correctly choose to plot SMAs if you want it.
More, I cleaned the script settings window, removing all the unnecessary input options, and adding 2 boxes to enable/disable the entire bundles plots with only one click. Same for the source price selection.
Hope you like the script. Please put your likes and support me if you appreciate my work.
@Bezzus
More, I cleaned the script settings window, removing all the unnecessary input options, and adding 2 boxes to enable/disable the entire bundles plots with only one click. Same for the source price selection.
Hope you like the script. Please put your likes and support me if you appreciate my work.
@Bezzus
Release Notes:
Updates:
- Added support for Double Exponential MA (DEMA) and Triple Exponential MA (TEMA)
- Added support for Double Exponential MA (DEMA) and Triple Exponential MA (TEMA)