Guppy Moving Averages
Guppy Moving Averages within Amibroker AFL involve a combination of multiple exponential moving averages (EMAs). Utilizing the Amibroker data feed, this AFL calculates EMAs of varying periods to illustrate trend strength and direction. The amalgamation of these EMAs offers a clearer depiction of market trends, aiding traders in trend identification and analysis.
/_SECTION_BEGIN("Guppy moving averages.afl");
MaxGraph = 10;
/* blue lines */
Graph0= MA( Close, 3 );
Graph1= MA( Close, 5 );
Graph2= MA( Close, 8 );
Graph3 = MA( Close, 12 );
Graph4 = MA( Close, 15 );
Graph0Style = Graph1Style = Graph2Style = Graph3Style =Graph4Style = 1;
Graph0Color = Graph1Color = Graph2Color = Graph3Color =Graph4Color = 7;
/* red lines */
Graph5= MA( Close, 30 );
Graph6= MA( Close, 35 );
Graph7= MA( Close, 40 );
Graph8 = MA( Close, 45 );
Graph9 = MA( Close, 50 );
Graph5Style = Graph6Style = Graph7Style = Graph8Style =Graph9Style = 1;
Graph5Color = Graph6Color = Graph7Color = Graph8Color =Graph9Color = 5;
_SECTION_END();