Guppy MMA Convergence Divergence Histogram
Guppy MMA Convergence Divergence Histogram, an element within Amibroker AFL, analyzes the convergence or divergence of Multiple Moving Averages (MMA). Utilizing the Amibroker data feed, this AFL calculates MMA values and presents them as a histogram. Traders interpret the histogram to assess the strength of trends and potential reversals.
/_SECTION_BEGIN("Guppy MMA Convergence Divergence Histogram");
//Source = Leon Wilson, www.wilsontechstats.com/software/MMAConstruction.htm
//AFL Translation = Mubashar Virk, mavirk@gmail.com
short1=(EMA(Close,3)+EMA(Close,5)+
EMA(Close,8)+EMA(Close,10)+
EMA(Close,12)+EMA(Close,15));
long2=(EMA(Close,30)+EMA(Close,35)+
EMA(Close,40)+EMA(Close,45)+
EMA(Close,50)+EMA(Close,60));
GMMACD=(((short1-Long2)/long2)*100)-
EMA(((short1-long2)/long2)*100,9);
Plot (GMMACD, "GMMA Convergence Divergence Histogram", colorRed, styleHistogram);
_SECTION_END();