GUPPY MULTIPLE MOVING AVERAGE ™
This indicator was developed by Daryl Guppy. It is fully explained in TREND TRADING. Captures the inferred behaviour of traders and investors by using two groups of averages. Uses fractal repetition to identify points of agreement and disagreement which precede significant trend changes.
Applied to understand the nature and character of the trend. Used to assess the degree and extent of trading activity. Excessive trading activity can destabilise strong trends. Trend analysis enables more effective selection of appropriate trading strategies such as breakout, trend continuation etc. Can be applied to long side and short side trading. Can be applied to intraday trading. Also used for longer term investment style analysis.
Do not use as a moving average crossover signal
for the intermediate values is done automatically, so the actual number
of parameters is small, and the indicator should be easy to use.
This version is using double smoothed ema, not some regular moving average.
The gradient version of double smoothed EMA indicator.RSX Variation
This version of RSX allows you to use instead any momentum length.