Guppy MMA Indicator

Guppy MMA Indicator

Guppy MMA Indicator for MT5 displays 12 EMA to indicate trend direction and best trading signals to enter and exit Forex.

The Guppy MMA Indicator for MT5 provides forex trading signals based on the famous trading system developed by Daryl Guppy. The indicator displays 12 exponential moving averages to determine the direction of the trend. Additionally, it provides entry and exit signals for trend followers using moving averages.

The indicator works well on all intraday charts, as well as daily, weekly and monthly charts.

It is suitable for new and experienced Forex traders. Moreover, it works well for intraday, short-term and long-term trading.

Guppy MMA Indicator For MT5 Trading Signals

The indicator displays 12 exponential moving averages with periods of 30, 35, 40, 45, 50 and 120 in red. The indicator uses an exponential moving average to reduce latency and increase price sensitivity. Forex traders can enter and exit the market using the intersection of price and moving averages.

If the price crosses all moving averages upward and all moving averages are pointing upward, this indicates the beginning of a bullish price trend. Therefore, traders should consider entering the market with a buy trade with a stop loss below the moving averages.

Likewise, traders should enter a sell position if the price crosses below the moving averages and all moving averages are pointing down. The indicator does not provide a profit target. For best results, traders should hold positions until price reverses and crosses at least 3 moving averages.

However, some traders tend to hold positions until the price crosses all moving averages to give an opposing trading signal.

Conclusion
Thus, the Guppy MMA Indicator for MT5 helps traders who trade with the Forex trend based on the moving average.