Indicators: MMA and 3 oscillators by LazyBear

lazybear custom indicators oscillator momentum trend movingaverage

Guppy Multiple Moving Averages
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Developed by Daryl Guppy, the basic idea of Multiple moving average(MMA) is to view the trend as two band of moving averages – short term band and long term band.

Shortterm averages capture the inferred behaviour of traders and long term represents the investors. Uses fractal repetition to identify points of agreement and disagreement which precede significant trend changes.

Short intro on interpreting the signals:

More info:

Guppy Oscillator
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The Guppy MMA Oscillator, developed by Leon Wilson, is an oscillator representation of difference between GMMA ribbons. Look for signal crosses for the triggers.

Linda Raschke (3/10) Oscillator
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This oscillator is similar to having a MACD of (3,10,16), the nuances are explained by Linda Raschke in her manual "Professional Trading Techniques":

Ian Oscillator
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Simple EMA difference converted to an oscillator. Use the signal crosses as triggers.

List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note. 
//
study("Guppy MMA [LazyBear]", shorttitle="GMMA_LB", overlay=true)

src=close

// shortterm 
stsl=plot(ema(src, 3), color=#000066, linewidth=1)
plot(ema(src, 5), color=#000099)
plot(ema(src, 8), color=#0000cc)
plot(ema(src, 10), color=#0000ff)
plot(ema(src, 12), color=#0033cc)
stll=plot(ema(src, 15), color=#0033ff)

// longterm
ltsl=plot(ema(src, 30), color=#990000, linewidth=1)
plot(ema(src, 35), color=#990033)
plot(ema(src, 40), color=#cc0000)
plot(ema(src, 45), color=#cc0033)
plot(ema(src, 50), color=#ff0000)
ltll=plot(ema(src, 60), color=#ff0033)

fill(stsl, stll, blue)
fill(ltsl, ltll, red)

Indicators: MMA and 3 oscillators

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