Guppy Index
The Guppy Index integrated into Amibroker AFL consolidates multiple indicators and moving averages to gauge overall market strength and direction. Leveraging the Amibroker data feed, this index combines various Guppy indicators, providing traders with a comprehensive view of market sentiment. By evaluating the collective impact of different indicators, traders gain insights into market trends, aiding in decision-making processes. .
/_SECTION_BEGIN("guppy01b_index");
// Guppy01b.AFL MMA 7/26/2006
SetChartOptions(2,chartShowDates);
GraphXSpace=20;
st2 = EMA(C,2);
st3 = EMA(C,3);
st4 = EMA(C,4);
st5 = EMA(C,5);
mt12 = EMA(C,12);
mt15 = EMA(C,15);
mt18 = EMA(C,18);
mt21 = EMA(C,21);
Lt30 = EMA(C,30);
Lt35 = EMA(C,35);
Lt40 = EMA(C,40);
Lt45 = EMA(C,45);
Lt50 = EMA(C,50);
INdex = (st2>st3) + (st2>st4) + (st2>st5) + (st3>st4) + (st3>st5) + (st4>st5) +
(mt12>mt15)+(mt12>mt18)+(mt12>mt21)+(mt15>mt18)+(mt15>mt21)+(mt18>mt21)+
(Lt30>Lt35)+(Lt30>Lt40)+(Lt30>Lt45)+(Lt30>Lt50)+(Lt35>Lt40)+(Lt35>Lt45)+(Lt35>Lt50)+
(Lt40>Lt45)+(Lt40>Lt50)+(Lt45>Lt50);
Plot(index, EncodeColor(colorYellow)+FullName()+EncodeColor(colorBlue)+ " Guppy Index - Wht/Yellow/Red",colorBlue,1);
Plot(16,"",2,1);
Plot(10,"",2,1);
_SECTION_END();