Guppy MMA Oscillator
The Guppy MMA Oscillator within Amibroker AFL measures the difference between short-term and long-term Multiple Moving Averages (MMA). Utilizing the Amibroker data feed, this oscillator reflects momentum and trend strength. Traders interpret the oscillator’s values to assess potential trend reversals or continuations.
/_SECTION_BEGIN("Guppy MMA Oscillator");
//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);
Plot (0, "", colorWhite, styleNoLabel);
_SECTION_END();