Guppy MMA Convergence Divergence
Guppy MMA Convergence Divergence in Amibroker AFL focuses on analyzing the convergence or divergence of Multiple Moving Averages (MMA). Leveraging the Amibroker data feed, this AFL calculates MMA values to identify potential changes in trend direction or strength. Traders interpret the relationships between these moving averages to anticipate potential entry or exit points.
/_SECTION_BEGIN("Guppy MMA Convergence Divergence Histogram");
//Source = Leon Wilson, www.wilsontechstats.com/software/MMAConstruction.htm
//AFL Translation = Mubashar Virk, mavirk@gmail.com
Trigger = Param("Trigger",21,1,55,1);
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));
GuppyMMAOscillator = ((Short1-Long2)/Long2)*100;
Plot (GuppyMMAOscillator, "Guppy MMA Oscillator", colorRed);
Plot (EMA(GuppyMMAOscillator, Trigger), "Trigger", colorBrightGreen);
GMMACD=(((short1-Long2)/long2)*100)-
EMA(((short1-long2)/long2)*100,9);
Plot (GMMACD, "GMMA Convergence Divergence Histogram", ParamColor("Histogram color", colorLightGrey ), styleNoTitle | ParamStyle("Histogram style", styleHistogram | styleNoLabel, maskHistogram ) );
_SECTION_END();