Guppy GMMA
Guppy GMMA (Guppy Multiple Moving Average) is a robust indicator in Amibroker AFL that utilizes multiple exponential moving averages to analyze market trends. Leveraging the Amibroker data feed, this AFL calculates two groups of EMAs – short-term and long-term – representing trader sentiment and investor sentiment, respectively. The convergence or divergence of these EMAs helps traders identify potential entry or exit points.
/_SECTION_BEGIN("GMMA");
/* ------------------------------------------------------------------------------------------------- GUPPY MULTIPLE MOVING AVEREGES ------------------
Guppy GMMA from AmiBroker Library, enhanced with "derived" Indicators
---------------------------------------------------------------------------*/
EnableTextOutput(False);
GuppyGraphType = ParamList("Type of Guppy Graphic","Guppy GMMA,Guppy Compressions,Guppy Sonar",0);
// Normalization = ParamToggle("Normalization Array","CLOSE,EMA30",0);
LocalBuySignal = LocalSellSignal = 0;
MinMaxPeriod = 20;
// --- DEFINE/CALCULATE ALL DATA NEEDED FOR BUY & SELL COMPOSITE SIGNALS outside the IndicatorType IF ---
EMA03 = EMA(Close,3);
EMA15 = EMA(Close,15);
EMA30 = EMA(Close,30);
EMA60 = EMA(Close, 60);
NormalizerArray = EMA30; // IIf(Normalization == 0, Close, EMA30);
//
GMMADeltaPerc = ((EMA15 - EMA30) / NormalizerArray) * 100;
switch(GuppyGraphType)
{
case "Guppy GMMA":
SetChartOptions( 1, chartShowDates | chartWrapTitle, ChartGridMargins );
SetChartBkColor(ColorRGB(222,222,222));
Plot(Close, "\\c16Guppy GMMA: \\c43 Close", colorBrightGreen, styleLine | styleThick );
Plot( EMA03, "EMA(3)", colorSkyblue, styleLine | styleNoLabel );
Plot( EMA(Close, 5), "EMA(5)", colorAqua, styleLine | styleNoLabel );
Plot( EMA(Close, 8), "EMA(8)", colorTurquoise, styleLine | styleNoLabel );
Plot( EMA(Close, 10), "EMA(10)", colorLightBlue, styleLine | styleNoLabel );
Plot( EMA(Close, 12), "EMA(12)", colorBlue, styleLine | styleNoLabel );
Plot( EMA15, "EMA(15)", colorBlueGrey, styleLine | styleNoLabel );
Plot( EMA30, "EMA(30)", colorYellow, styleLine | styleNoLabel );
Plot( EMA(Close, 35), "EMA(35)", colorGold, styleLine | styleNoLabel );
Plot( EMA(Close, 40), "EMA(40)", colorLightOrange, styleLine | styleNoLabel );
Plot( EMA(Close, 45), "EMA(45)", colorOrange, styleLine | styleNoLabel );
Plot( EMA(Close, 50), "EMA(50)", colorRed, styleLine | styleNoLabel );
Plot( EMA60, "EMA(60)", colorDarkRed, styleLine | styleNoLabel );
break;
case "Guppy Compressions":
SetChartOptions( 1, chartShowDates | chartWrapTitle, ChartGridMiddle );
Plot((Max(EMA03, EMA15) - Min(EMA03, EMA15)) / NormalizerArray * 100,"TRADERS Width, % vs EMA(30)", colorBlue, styleLine | styleThick);
Plot((Max(EMA30, EMA60) - Min(EMA30, EMA60)) / NormalizerArray * 100,"INVESTORS Width, % vs EMA(30)", colorRed, styleLine | styleThick);
Plot((Max(EMA03, EMA60) - Min(EMA03, EMA60)) / NormalizerArray * 100,"TOTAL GUPPY Width, % vs EMA(30)", colorGold, styleLine | styleThick);
break;
case "Guppy Sonar":
SetChartOptions( 1, chartShowDates | chartWrapTitle, ChartGridMiddle);
GMMAUP = GMMADeltaPerc > Ref(GMMADeltaPerc,-1);
GMMADOWN = GMMADeltaPerc < Ref(GMMADeltaPerc,-1);
BarColor = IIf(GMMAUP AND GMMADeltaPerc >= 0,colorBrightGreen, IIf(GMMADOWN AND GMMADeltaPerc > 0,colorGreen, IIf(GMMAUP AND GMMADeltaPerc < 0, colorRed, colorDarkRed)));
Plot(GMMADeltaPerc, "\\c16Guppy SONAR, % Gap \\c29TRADERS\\c16 - \\c32INVESTORS\\c16 vs EMA(30)", BarColor, styleHistogram | styleThick );
}
_SECTION_END();
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();