Anyone use GMMA (Guppy Multiple Moving Average)?

Discussion in 'Technical Analysis' started by IronFist, Jul 15, 2008.

  1. Plot the following EMAs:

    In blue:
    3, 5, 7, 10, 12, 15

    In red:
    30, 35, 40, 45, 50, 60

    Here's a page that explains it with some rules:

    It looks like this (see attachment)
  2. Based on my interpretation of the rules and my limited SierraChart worksheet abilities:

    (not backtested, I made this a few minutes ago)

    Go short when prices are below the red MAs and candles are pink.

    Go long when prices are above the red MAs and candles are light blue.

    Don't do anything when candles are green or red.
  3. Xuanxue


    I tried it sim with a 240 EMA as well. Good for scalps, an eye sore to trade though and it's easy to lose sight of pure price action for good position or swing entries and exits.

    All in all worthy what little I traded it if you can handle the vertigo. I couldn't.