Guppy Multiple Moving Averages
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Guppy Multiple Moving Averages
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.
Description & Settings
The daily strategy by Daryl Guppy is implemented using this indicator.
Originally this system was designed for the securities market, but has been later modernized for the currency market as well.
Recommendations:
Currency pairs with USD.
Time frame — Daily.
However, there is no restriction on using other currency pairs and time frames.
Indicators:
The first (fast) set consists of 6 Moving Average with periods of: 3, 5, 8, 10, 12, 15 (in this indicator they are red).
The second (slow) set consists of 6 Moving Average with periods of: 30, 35, 40, 45, 50, 60 (in this indicator they are green).
The records regarding the binary options feature a 13-th Moving Average with a period of 200 (implemented in this indicator and colored in blue).
The trading conditions will not be described, as the detailed information is easy to find on the Internet, but for the lazy there is a couple of links:
Take the time to follow the link once more and read carefully!
Recommendations:
A favor, to be exact: I am merely learning programming and do not know much, but... if anyone has an idea about the improvement of the indicator, feel free to write me. I would be interested in trying to implement your ideas!
