This technical script is designed to implement the "Guppy Multiple Moving Averages" (GMMA) strategy on a trading chart. It serves as a visual analysis tool that helps traders identify trends, momentum, and potential reversals by grouping multiple moving averages into distinct categories.
Core Logic Overview
The indicator works by layering thirteen different Exponential Moving Averages (EMAs) onto your price chart simultaneously. Rather than looking at just one line, this tool creates a "ribbon" of data that represents various timeframes and sensitivities. These lines are categorized into three specific groups:
1. The Fast Group (Fast Moving Averages) The first six lines in the script represent short-term market sentiment. By using very short periods (ranging from 3 to 15), these lines react quickly to recent price changes. When these lines move together, they indicate immediate momentum.
2. The Slow Group (Slow Moving Averages) The next six lines represent medium-to-long-term trends (ranging from 30 to 60). These are less sensitive to "noise" and minor price fluctuations. They provide a clearer picture of the established trend over a broader period of time.
3. The Main Control Line The final line in the script is a long-term moving average (set to a 200-period default). This serves as the "anchor" or the ultimate trend filter for the entire chart, helping to distinguish between major bullish and bearish cycles.
How it Works in Practice
By viewing all these lines at once, the logic allows you to see the health of a trend through visual cues:
- Trend Strength: When the "Fast Group" is clustered tightly and moving in the same direction as the "Slow Group," it suggests a strong, healthy trend.
- Momentum Shifts: If the Fast Group begins to fan out or change direction while the Slow Group remains steady, it can indicate that short-term momentum is shifting, potentially signaling an upcoming change in the market's direction.
- Trend Alignment: The "Main Moving Average" acts as a final confirmation. Traders typically look for the price to be on the correct side of this line to determine the primary market bias (e.g., only looking for buy opportunities when the price is above it).
In summary, this script transforms complex mathematical data into a visual map, allowing you to see the "speed" and "weight" of market movements at a single glance.
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guppy_multiple_moving_averages
//+------------------------------------------------------------------+
//| Guppy Multiple Moving Averages.mq4 |
//| Copyright 2015, Dmitriy Kudryashov,Katyusha Software Corp. |
//| https://www.mql5.com/ru/users/dlim0n4ik.dk |
//+------------------------------------------------------------------+
#property copyright "Copyright 2015, Dmitriy Kudryashov, Katyusha Software Corp."
#property link "https://www.mql5.com/ru/users/dlim0n4ik.dk"
#property version "1.00"
#property strict
#property description "Ñ ïîìîùüþ äàííîãî èíäèêàòîðà ðåàëèçóåòñÿ äíåâíàÿ ñòðàòåãèÿ Äåðèëà Ãóïïè (Daryl Guppy)."
#property indicator_chart_window
#property indicator_buffers 13
#property indicator_plots 13
//--- plot fMA0
#property indicator_label1 "fMA0"
#property indicator_type1 DRAW_LINE
#property indicator_color1 clrRed
#property indicator_style1 STYLE_SOLID
#property indicator_width1 1
//--- plot fMA1
#property indicator_label2 "fMA1"
#property indicator_type2 DRAW_LINE
#property indicator_color2 clrRed
#property indicator_style2 STYLE_SOLID
#property indicator_width2 1
//--- plot fMA2
#property indicator_label3 "fMA2"
#property indicator_type3 DRAW_LINE
#property indicator_color3 clrRed
#property indicator_style3 STYLE_SOLID
#property indicator_width3 1
//--- plot fMA3
#property indicator_label4 "fMA3"
#property indicator_type4 DRAW_LINE
#property indicator_color4 clrRed
#property indicator_style4 STYLE_SOLID
#property indicator_width4 1
//--- plot fMA4
#property indicator_label5 "fMA4"
#property indicator_type5 DRAW_LINE
#property indicator_color5 clrRed
#property indicator_style5 STYLE_SOLID
#property indicator_width5 1
//--- plot fMA5
#property indicator_label6 "fMA5"
#property indicator_type6 DRAW_LINE
#property indicator_color6 clrRed
#property indicator_style6 STYLE_SOLID
#property indicator_width6 1
//--- plot sMA0
#property indicator_label7 "sMA0"
#property indicator_type7 DRAW_LINE
#property indicator_color7 clrGreen
#property indicator_style7 STYLE_SOLID
#property indicator_width7 1
//--- plot sMA1
#property indicator_label8 "sMA1"
#property indicator_type8 DRAW_LINE
#property indicator_color8 clrGreen
#property indicator_style8 STYLE_SOLID
#property indicator_width8 1
//--- plot sMA2
#property indicator_label9 "sMA2"
#property indicator_type9 DRAW_LINE
#property indicator_color9 clrGreen
#property indicator_style9 STYLE_SOLID
#property indicator_width9 1
//--- plot sMA3
#property indicator_label10 "sMA3"
#property indicator_type10 DRAW_LINE
#property indicator_color10 clrGreen
#property indicator_style10 STYLE_SOLID
#property indicator_width10 1
//--- plot sMA4
#property indicator_label11 "sMA4"
#property indicator_type11 DRAW_LINE
#property indicator_color11 clrGreen
#property indicator_style11 STYLE_SOLID
#property indicator_width11 1
//--- plot sMA5
#property indicator_label12 "sMA5"
#property indicator_type12 DRAW_LINE
#property indicator_color12 clrGreen
#property indicator_style12 STYLE_SOLID
#property indicator_width12 1
//--- plot mMA
#property indicator_label13 "mMA"
#property indicator_type13 DRAW_LINE
#property indicator_color13 clrBlue
#property indicator_style13 STYLE_SOLID
#property indicator_width13 1
//+------------------------------------------------------------------+
//| Ââîäíûå ïàðàìåòðû Moving Average |
//+------------------------------------------------------------------+
//--- Ïàðàìåòðû Fast Moving Average ----------------------------------
input string fMA_Info="Ïàðàìåòðû Fast Moving Average";
input int fMA0_Period=3; // Ïåðèîä Moving Average 01
input int fMA1_Period=5; // Ïåðèîä Moving Average 02
input int fMA2_Period=8; // Ïåðèîä Moving Average 03
input int fMA3_Period=10; // Ïåðèîä Moving Average 04
input int fMA4_Period=12; // Ïåðèîä Moving Average 05
input int fMA5_Period=15; // Ïåðèîä Moving Average 06
//---
//--- Ïàðàìåòðû Slow Moving Average ----------------------------------
input string sMA_Info="Ïàðàìåòðû Slow Moving Average";
input int sMA0_Period=30; // Ïåðèîä Moving Average 07
input int sMA1_Period=35; // Ïåðèîä Moving Average 08
input int sMA2_Period=40; // Ïåðèîä Moving Average 09
input int sMA3_Period=45; // Ïåðèîä Moving Average 10
input int sMA4_Period=50; // Ïåðèîä Moving Average 11
input int sMA5_Period=60; // Ïåðèîä Moving Average 12
//---
//--- Ïàðàìåòðû Main Moving Average ----------------------------------
input string mMA_Info="Ïàðàìåòðû Main Moving Average";
input int mMA_Period=200; // Ïåðèîä êîíòðîëüíîé Moving Average
//+------------------------------------------------------------------+
//--- indicator buffers
double fMA0Buffer[];
double fMA1Buffer[];
double fMA2Buffer[];
double fMA3Buffer[];
double fMA4Buffer[];
double fMA5Buffer[];
double sMA0Buffer[];
double sMA1Buffer[];
double sMA2Buffer[];
double sMA3Buffer[];
double sMA4Buffer[];
double sMA5Buffer[];
double mMABuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
//--- indicator buffers mapping
SetIndexBuffer(0,fMA0Buffer);
SetIndexBuffer(1,fMA1Buffer);
SetIndexBuffer(2,fMA2Buffer);
SetIndexBuffer(3,fMA3Buffer);
SetIndexBuffer(4,fMA4Buffer);
SetIndexBuffer(5,fMA5Buffer);
SetIndexBuffer(6,sMA0Buffer);
SetIndexBuffer(7,sMA1Buffer);
SetIndexBuffer(8,sMA2Buffer);
SetIndexBuffer(9,sMA3Buffer);
SetIndexBuffer(10,sMA4Buffer);
SetIndexBuffer(11,sMA5Buffer);
SetIndexBuffer(12,mMABuffer);
//---
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
int limit=rates_total-prev_calculated;
//---
for(int i=0; i<limit; i++)
{
//--- Ðàñ÷åò Fast Moving Average -------------------------------------
fMA0Buffer[i]=iMA(NULL,0,fMA0_Period,0,MODE_EMA,PRICE_CLOSE,i);
fMA1Buffer[i]=iMA(NULL,0,fMA1_Period,0,MODE_EMA,PRICE_CLOSE,i);
fMA2Buffer[i]=iMA(NULL,0,fMA2_Period,0,MODE_EMA,PRICE_CLOSE,i);
fMA3Buffer[i]=iMA(NULL,0,fMA3_Period,0,MODE_EMA,PRICE_CLOSE,i);
fMA4Buffer[i]=iMA(NULL,0,fMA4_Period,0,MODE_EMA,PRICE_CLOSE,i);
fMA5Buffer[i]=iMA(NULL,0,fMA5_Period,0,MODE_EMA,PRICE_CLOSE,i);
//---
//--- Ðàñ÷åò Slow Moving Average -------------------------------------
sMA0Buffer[i]=iMA(NULL,0,sMA0_Period,0,MODE_EMA,PRICE_CLOSE,i);
sMA1Buffer[i]=iMA(NULL,0,sMA1_Period,0,MODE_EMA,PRICE_CLOSE,i);
sMA2Buffer[i]=iMA(NULL,0,sMA2_Period,0,MODE_EMA,PRICE_CLOSE,i);
sMA3Buffer[i]=iMA(NULL,0,sMA3_Period,0,MODE_EMA,PRICE_CLOSE,i);
sMA4Buffer[i]=iMA(NULL,0,sMA4_Period,0,MODE_EMA,PRICE_CLOSE,i);
sMA5Buffer[i]=iMA(NULL,0,sMA5_Period,0,MODE_EMA,PRICE_CLOSE,i);
//---
//--- Ðàñ÷åò Main Moving Average -------------------------------------
mMABuffer[i]=iMA(NULL,0,mMA_Period,0,MODE_EMA,PRICE_CLOSE,i);
}
return(rates_total);
}
//+------------------------------------------------------------------+
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