Guppy Multiple Moving Average (GMMA) Long Indicator MT4 Download

The Guppy Multiple Moving Average (GMMA) Long indicator uses six exponential moving averages (EMA) to identify the strength and direction of market trends. This trading tool "Long" version focuses on long-term moving averages and is primarily used to confirm strong trends.

The GMMA plots its moving average lines in red on the chart.

GMMA Indicator Specifications Table

The following table outlines the key features of the Guppy Multiple Moving Average Long indicator.

Bullish Trend Conditions

On the AUD/USD 30-minute chart, the upward movement of the GMMA indicates a bullish trend tendency.

 As seen in the image, price touches the moving average lines at two points, each time supported by them.

Bearish Trend Conditions

According to the 1-hour Bitcoin (BTC) chart, the downward movement of the GMMA shows a bearish trend formation.

 Additionally, the price reacts bearishly after contacting the moving average bands twice, reinforcing their role as resistance.

GMMA Indicator Settings

The image below displays the settings panel for the Guppy Multiple Moving Average Long indicator:

• Color: Set the color for the Guppy moving average lines

Conclusion

Using six moving average lines, the Guppy Multiple Moving Average Long indicator creates dynamic support and resistance levels. The overall direction of these averages clearly indicates market bias.

This MetaTrader 4 indicator is known as a powerful technical analysis tool. With its dynamic line system, it is adaptable to all trading strategies.