The Guppy Long indicator is a technical analysis tool designed for the MetaTrader platform to help traders visualize market trends by layering multiple moving averages on a single chart. Unlike standard indicators that focus on a single price point, this tool provides a multi-layered perspective of price momentum and volatility.
How It Works
The core logic of this script revolves around the calculation of six distinct moving averages simultaneously. Each average is assigned a specific time period—ranging from 30 to 60 units—which allows the indicator to capture different "speeds" of price movement:
- Short-Term Dynamics: The faster-moving averages (at the lower end of the periods) react quickly to recent price fluctuations, highlighting immediate momentum.
- Long-Term Trends: The slower-moving averages (at the higher end of the periods) filter out "noise" and provide a clearer picture of the overarching market direction.
Visual Interpretation
When active on a chart, the indicator plots six lime-colored lines. Because these lines represent different timeframes, they tend to cluster together during certain market conditions:
- Trend Alignment: When all six lines move in the same direction and are stacked closely together, it suggests a strong, cohesive trend in the market (either bullish or bearish).
- Price Divergence: When the lines begin to spread out or cross one another, it can signal a shift in momentum, indicating that short-term price action is beginning to decouple from the long-term trend.
Key Features and Customization
The script provides several professional features to tailor the analysis to specific trading styles:
- Flexible Periods: Users can adjust the length of each moving average to better suit different assets (e.g., Forex pairs vs. Stocks).
- Method Selection: The logic utilizes an Exponential Moving Average (EMA) by default, which prioritizes recent price data, making it highly responsive to new information.
- Shift Adjustment: Each individual line can be shifted forward or backward on the chart, allowing for a more customized visual layout of the market data.
In summary, the Guppy Long indicator serves as a "consensus" tool; by observing how these six different averages interact with one another, traders can better identify high-probability trendไหล (flow) and potential points of reversal.
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guppy_long
//+------------------------------------------------------------------+
//| Guppy Long.mq4 |
//| jnr314 |
//| https://www.mql5.com |
//+------------------------------------------------------------------+
#property copyright "jnr314"
#property link "https://www.mql5.com"
#property version "2.00"
#property strict
//---
#property indicator_chart_window
#property indicator_buffers 6
#property indicator_color1 Lime
#property indicator_color2 Lime
#property indicator_color3 Lime
#property indicator_color4 Lime
#property indicator_color5 Lime
#property indicator_color6 Lime
//--- buffers
double ExtMapBuffer1[];
double ExtMapBuffer2[];
double ExtMapBuffer3[];
double ExtMapBuffer4[];
double ExtMapBuffer5[];
double ExtMapBuffer6[];
//--- input parameters
input int InpMAPeriod1=30; // Period 1
input int InpMAPeriod2=35; // Period 2
input int InpMAPeriod3=40; // Period 3
input int InpMAPeriod4=45; // Period 4
input int InpMAPeriod5=50; // Period 5
input int InpMAPeriod6=60; // Period 6
//---
input int InpMAShift1=0; // Shift 1
input int InpMAShift2=0; // Shift 2
input int InpMAShift3=0; // Shift 3
input int InpMAShift4=0; // Shift 4
input int InpMAShift5=0; // Shift 5
input int InpMAShift6=0; // Shift 6
//---
input ENUM_MA_METHOD InpMAMethod=MODE_EMA; // Method
input ENUM_APPLIED_PRICE InpMAPrice=0; // Applied Price
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//--- indicator buffers mapping
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,ExtMapBuffer1);
SetIndexShift(0,InpMAShift1);
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(1,ExtMapBuffer2);
SetIndexShift(1,InpMAShift2);
SetIndexStyle(2,DRAW_LINE);
SetIndexBuffer(2,ExtMapBuffer3);
SetIndexShift(2,InpMAShift3);
SetIndexStyle(3,DRAW_LINE);
SetIndexBuffer(3,ExtMapBuffer4);
SetIndexShift(3,InpMAShift4);
SetIndexStyle(4,DRAW_LINE);
SetIndexBuffer(4,ExtMapBuffer5);
SetIndexShift(4,InpMAShift5);
SetIndexStyle(5,DRAW_LINE);
SetIndexBuffer(5,ExtMapBuffer6);
SetIndexShift(5,InpMAShift6);
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function
//+------------------------------------------------------------------+
int start()
{
int i,limit,counted_bars=IndicatorCounted();
//---
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
//---
for(i=0; i<limit; i++)
{
ExtMapBuffer1[i]=iMA(NULL,0,InpMAPeriod1,0,InpMAMethod,InpMAPrice,i);
ExtMapBuffer2[i]=iMA(NULL,0,InpMAPeriod2,0,InpMAMethod,InpMAPrice,i);
ExtMapBuffer3[i]=iMA(NULL,0,InpMAPeriod3,0,InpMAMethod,InpMAPrice,i);
ExtMapBuffer4[i]=iMA(NULL,0,InpMAPeriod4,0,InpMAMethod,InpMAPrice,i);
ExtMapBuffer5[i]=iMA(NULL,0,InpMAPeriod5,0,InpMAMethod,InpMAPrice,i);
ExtMapBuffer6[i]=iMA(NULL,0,InpMAPeriod6,0,InpMAMethod,InpMAPrice,i);
}
return(0);
}
//+------------------------------------------------------------------+
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