A lightweight version of the popular "Moving Average Ribbon" or "Guppy" indicators where the visuals are plotted as "waves" rather than moving average lines. As is customary for my indicators, nearly everything about it is user selectable. Visual Features: User Customizable Colors RSI-Based Rainbow Color Scheme Simple Offset for adjusting transparency Create...
Level: 1 Background The Guppy Multiple Moving Average (GMMA) is a technical indicator that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two sets of moving averages (MA) with different time periods. There is a short term group of MAs and a long term group of MAs. Function L1 GMMA Long Entry classify...
Guppy with added 100, 200, and 300 EMAs and candle-neutral colors.