Guppy EMA Trend Based Indicator Requested by 2use

General RULES

1. If Fast and Slow EMA's are ALL in Uptrend. Fast EMA=Aqua Slow EMA's=Green.

2. If Fast And Slow EMA's are ALL in DownTrend. Fast EMA's=Orange Slow EMA's=Red.

3. If Conditions 1 or 2 = False the Color=Silver.

4. If Down Trend Slow EMA's = Resistance.

5. If Up Trend Slow EMA's = Support.

6. Great Moves Start when Color=Silver, then colors change to Up or Down Trend.

7. Conservative move is to wait for 1st or 2nd Pullback.
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//Created By ChrisMoody on 8/10/2014 by Request for 2use
//Daryl Guppy EMA's
study(title="CM_Guppy_EMA'S", shorttitle="CM_Guppy_EMA's", overlay=true)
src = close, 
len1 = input(3, minval=1, title="Fast EMA 1")
len2 = input(5, minval=1, title="Fast EMA 2")
len3 = input(8, minval=1, title="Fast EMA 3")
len4 = input(10, minval=1, title="Fast EMA 4")
len5 = input(12, minval=1, title="Fast EMA 5")
len6 = input(15, minval=1, title="Fast EMA 6")
//Slow EMA
len7 = input(30, minval=1, title="Slow EMA 7")
len8 = input(35, minval=1, title="Slow EMA 8")
len9 = input(40, minval=1, title="Slow EMA 9")
len10 = input(45, minval=1, title="Slow EMA 10")
len11 = input(50, minval=1, title="Slow EMA 11")
len12 = input(60, minval=1, title="Slow EMA 12")

//Fast EMA
ema1 = ema(src, len1)
ema2 = ema(src, len2)
ema3 = ema(src, len3)
ema4 = ema(src, len4)
ema5 = ema(src, len5)
ema6 = ema(src, len6)
//Slow EMA
ema7 = ema(src, len7)
ema8 = ema(src, len8)
ema9 = ema(src, len9)
ema10 = ema(src, len10)
ema11 = ema(src, len11)
ema12 = ema(src, len12)

//Fast EMA Color Rules
colfastL = (ema1 > ema2 and ema2 > ema3 and ema3 > ema4 and ema4 > ema5 and ema5 > ema6)
colfastS = (ema1 < ema2 and ema2 < ema3 and ema3 < ema4 and ema4 < ema5 and ema5 < ema6)
//Slow EMA Color Rules
colslowL = ema7 > ema8 and ema8 > ema9 and ema9 > ema10 and ema10 > ema11 and ema11 > ema12 
colslowS = ema7 < ema8 and ema8 < ema9 and ema9 < ema10 and ema10 < ema11 and ema11 < ema12 
//Fast EMA Final Color Rules
colFinal = colfastL and colslowL? aqua : colfastS and colslowS? orange : gray
//Slow EMA Final Color Rules
colFinal2 = colslowL  ? lime : colslowS ? red : gray
//Fast EMA Plots
p1=plot(ema1, title="Fast EMA 1", style=line, linewidth=2, color=colFinal)
plot(ema2, title="Fast EMA 2", style=line, linewidth=1, color=colFinal)
plot(ema3, title="Fast EMA 3", style=line, linewidth=1, color=colFinal)
plot(ema4, title="Fast EMA 4", style=line, linewidth=1, color=colFinal)
plot(ema5, title="Fast EMA 5", style=line, linewidth=1, color=colFinal)
p2=plot(ema6, title="Fast EMA 6", style=line, linewidth=2, color=colFinal)
fill(p1,p2,color=silver, transp=60)
//Slow EMA Plots
p3=plot(ema7, title="Slow EMA 7", style=line, linewidth=4, color=colFinal2)
plot(ema8, title="Slow EMA 8", style=line, linewidth=3, color=colFinal2)
plot(ema9, title="Slow EMA 9", style=line, linewidth=3, color=colFinal2)
plot(ema10, title="Slow EMA 10", style=line, linewidth=3, color=colFinal2)
plot(ema11, title="Slow EMA 11", style=line, linewidth=3, color=colFinal2)
p4=plot(ema12, title="Slow EMA 12", style=line, linewidth=4, color=colFinal2)
fill(p3,p4, color=silver, transp=60)
Any up date? Will try some back testing this weekend while market is closed. #KnowledgeIsWisdom
I will be doing some back testing with this indicators does anyone know if this indicator works best with currencies or stocks
what are the parameters for setting in mt4 mobile ?
very nice
This indicator is pure Awesomeness in a trending market.
Someone should make a simple strategy script and test this.
+2 Rispondi
@kakola, I have made the "Guppy Trading EA" but really struggling with the CBL code. Can anyone help, have a resource or code?
Great work! Do you know how to add an alert when one of the following happen?

1. The fast EMA's are aqua and Slow EMA's are green
2. The fast EMA's are orange and Slow EMA's are red

+6 Rispondi
I've done this: - it works for me but Chris may better advise. It takes some experimentation with alerts.
+4 Rispondi
Depending on your experience with GMMA, these links may be helpful (or not) - it's a site mainly for noobs (so info may not be very accurate):
+4 Rispondi
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