The Multiple Moving average indicator is included in the MetaStock program but to further assist traders, Kevin Nelson created several items which will help you back test your system and scan for securities that meet the setup requirements.
About Daryl Guppy’s Multiple Moving Average Indicator.
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 groups of moving averages (MA) with different time periods. The GMMA consists of a short-term group of MAs and a long-term group of MAs, both containing six MAs, for a total of 12, and is overlaid on the price chart of an asset. When the short-term group of averages moves above the longer-term group, it indicates a price uptrend in the asset could be emerging.
Daryl Guppy is an Australian trader that has provided trading and investment analysis of financial markets for more than 25 years. He has developed several technical indicators which are included in industry standard software such as DZH International, Metastock and Omnitrader as well as many other charting programs. Globally many traders use the technical indicators developed by Guppy to trade equities and other markets.