Advanced GMMA indicator

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  • #110133

    There is already a GMMA on ProReadCode however the version designed by Chris Moody on Tradingview https://www.tradingview.com/script/3rxOtFe0-CM-Guppy-EMA/  offers significant advantages,

    1. showing zones of congestion
    2. changes colour when trend changes are about to happen.

    This way it differentiates itself from being just another ‘ribbon’ indicator.

    The full code with screenshots is available on the link above. I’ve tried converting it in to Prorealcode but no joy.

    I’m grateful if you can work on this conversion for us.

    Many thanks.

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    #110207

    Here is the converted code for ProRealTime. Please next time, add a screenshot to your post when you want a trading indicator to be converted.

     

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    #110234

    Thank You Nicolas for coding this for us all.

    Advanced Guppy RULES

    1. If Fast and Slow EMA’s are ALL in Uptrend. Fast EMA=Aqua Slow EMA’s=Green.

    2. If Fast And Slow EMA’s are ALL in DownTrend. Fast EMA’s=Orange Slow EMA’s=Red.

    3. If Conditions 1 or 2 = False the Color=Silver.

    4. If Down Trend Slow EMA’s = Resistance.

    5. If Up Trend Slow EMA’s = Support.

    6. Great Moves Start when Color=Silver, then colors change to Up or Down Trend.

    7. Conservative move is to wait for 1st or 2nd Pullback.

    #110242

    Excellent job Nicholas. Thank you ever so much.

    @GraHal, I see you’re into GMMA. This is fantastic. Daryl Guppy’s latest video is here https://youtu.be/kjfW2BaeldU as you may have seen.

    I’m looking to use GMMA along Volume Weighted Moving Averages and the Vervoort. Who knows maybe one day there’ll be a super indicator that pulls all three together. 😄

    #110246

    I’m looking to use GMMA along Volume Weighted Moving Averages and the Vervoort.

    You could substitute Nicolas exponential average for  Volume Weighted Moving Averages as example below??

    What is Vervoort??  If it’s in the video … I’ll watch it later.

     

    #110249

    How to build a business with an arithmetic average 🙂

    #110256

    Average type 2 is WEIGHTED MOVING AVERAGE, not VOLUME WEIGHTED MOVING AVERAGE (which is also WVAP).

     

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    #110275

    Few people are interested in the Vervoort (VV) anymore – it being a complex ‘leading’ indicator of trends using built in ATR calculations. https://uk.tradingview.com/scripts/vervoort/  Based on experience with it, I’m pretty sure if finds trend changes on various time frames. Combined with the GMMA it is advantageous. This is but one example https://www.tradingview.com/x/xr82zamc/ (further exploration required to appreciate the exploit).

    Daryl Guppy’s use of the GMMA is a pretty complex strategy, having studied his book on it. The VV when used with GMMA simplifies entry positions for trend followers in finding start of new trends, and entry positions after trend in process.

     

     

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    #110280

    Hi All,

    do you have a Prorealtime script for the above mentioned Vervoort (VV) indicator?

    Thanks

    Marco

     

     

    #110306

    do you have a Prorealtime script for the above mentioned Vervoort (VV) indicator?

    Supertrend indicator – available on PRT, is pretty similar to VV in most ways, based on my experience Check it out. https://www.prorealcode.com/documentation/supertrend/

    VV code is pretty complicated here https://uk.tradingview.com/script/kMtzYo7p-Average-True-Range-Trailing-Stops-Strategy/

    I’ve done some backtesting with PRT on supertrend switches – so far so good. The challenge is to code following the supertrend. Not been successful so far.

    In a bullish breakout north, the GMMA would show it up nicely. Best entry points after the breakout are where price pulls back onto near a flattening of the supertrend (or VV) and where the flattening sits just below the last set of investor GMMAs. But often times the breakout of the VV and the GMMA are powerful in one direction and RSIs just don’t matter. This was a rare beauty in June 2019 on Gold https://www.tradingview.com/x/EHB2NDVq/

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