Guppy (Long and Short)
Info
The Guppy (Long and Short) is a Indicator for MetaTrader 4 that this indicator was developed by daryl guppy. It is composed by 6 EMAs of 3, 5, 8, 10, 12 and 15 periods which give you the direction and the strength of the short-term trend, the speculator trend.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Guppy (Long and Short)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator was developed by Daryl Guppy.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Guppy Multiple Moving Averages - another powerful indicator for MetaTrader 4 traders.
This indicator was developed by Daryl Guppy. It is composed by 6 EMAs of 3, 5, 8, 10, 12 and 15 periods which give you the direction and the strength of the short-term trend, the speculator trend. It is used in combination with other group of six EMAs which measures the direction and the strength of the long-term trend or the big-investor trend. This group of EMAs are of 30, 35, 40, 45, 50, 60 periods like Daryl Guppy say for daily timeframe. This indicator was made to analyze and trade on daily timeframe charts but can be used in other timeframes, like M15 or H1, with the same periods and setups.
Also recommended: Guppy Mulitple Moving Average (Long) - similar indicator with strong performance on MetaTrader 4.
I made these indicators so you can change the type of Moving Average, the period and applied price, i.e: high, low, open, close, typical and weighted price of the bars used to calculate the moving averages. You can change it on your own to trade in other timeframe that you feel more comfortable or to make the indicator more sensitive to little changes of the current trend.Both group of EMAs can be used to measure the agreement or disagreement of these two types of traders: investors and speculator. This gives you a better understanding of this fight between them and the possibility of better entries in favor of the current trend or imminent changes on it.
For a explanation of how to use it you can visit:
I must say that when the two groups of EMAs are parallel and close together, both among themselves and between groups, investors and speculators are largely in agreement and a big move is very close. As I have read in "Market Wizards", it is like when in the past in a very crowded Wall Street the room was seized by silence with motionless prices, and a little time after, a wild move on them made people turn euphoric.
I have to say that I am not a programmer and I only made this indicator for myself, and now I want to share it.
You may also like: Heatmap, Gradient and Scale representation of symbols - excellent alternative for indicator users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.