http://www.guppytraders.com/gup329.shtml (summary at Darryl Guppy’s web site)
The Guppy multiple moving average (GMMA) by Darryl Guppy is a set of six short term and six long term exponential moving averages (see Exponential Moving Average), all drawn on the one chart.
His standard periods are 3, 5, 8, 10, 12 and 15 days for the short averages, and 30, 35, 40, 45, 50 and 60 days for the long averages. These periods are parameters in Chart to allow experimentation. A value of 0 suppresses an entry if less than twelve lines are desired.
Guppy’s approach is look for compression of the averages (the lines coming together) in each group as signalling a likely trend change; and for steady parallel or expanding lines as a continuing trend. He emphasises that the idea is not a moving average crossover system.
Copyright 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2014, 2015, 2016, 2017 Kevin Ryde
Chart is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation; either version 3, or (at your option) any later version.