GMMA Indicator

#technical

#mainchart

#technical

#mainchart

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The GMMA Indicator is based on the Guppy Multiple Moving Average (GMMA), which combines 12 moving averages (MA) to detect trend developments and other patterns. It provides entry and exit signals when certain conditions are met.

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Download MT4 (v1.00) Download MT5 (v1.00)

Usage scenarios

Combining with ADX and Bollinger Bands for trading decisions

It can be useful to trade by entering and exiting at the timing of the entry and exit signals displayed by the GMMA Indicator. However, since false signals increase during range-bound markets, checking ADX and Bollinger Bands together to avoid range-bound markets can lead to more solid trading expectations.

Using for confirming GMMA effectiveness

The GMMA Indicator displays “trade lines” that show what results would have occurred if trading had been conducted according to entry and exit signals. By checking whether recent signals would have generated profits for the instrument to which the indicator was applied, you can judge whether GMMA is functioning effectively for that instrument.

Quickly display highly customizable GMMA

Since MT4/MT5 doesn’t include GMMA by default, it takes time to set up multiple moving averages one by one to display GMMA. With the GMMA Indicator, you can not only display GMMA quickly but also easily change the color and thickness of each moving average.

The GMMA Indicator can be used in various ways from simple GMMA display to past chart analysis. If you emphasize moving averages and GMMA in your trading, please make use of it.

Caution for use with short timeframes

When operating this indicator on short timeframes like the 1-minute chart, depending on your environment, the operation may become very slow. Please be aware that in some cases, it may take several minutes or more to display GMMA.

How to install

To use the GMMA Indicator, follow the steps below to download and install it.

Step 1

Click the button below to download the indicator for MT4/MT5.

Download MT4 (v1.00) Download MT5 (v1.00)

Step 2

Click File > Open Data Folder in the top menu of MT4/MT5.

Step 3

In the data folder, double-click the MQL4 or MQL5 folder.

Step 4

In the MQL4/MQL5 folder, double-click the Indicators folder.

Step 5

Save the GMMA Indicator in the Indicators folder.

Step 6

Go back to the MT4/MT5. Right-click Indicators in the Navigator, and click Refresh.

Step 7

In the Navigator, click the + icon next to Indicators. Find the GMMA Indicator, then either double-click it or drag it onto a chart.

Step 8

In the indicator settings window, customize the settings on the Inputs tab according to the How to set up page, then click OK.

Step 9

The GMMA Indicator is applied to the chart, showing moving averages and signals.

How to set up

After applying the indicator to the chart, set the parameters according to your style.

Step 1

First, open the Inputs tab.

Step 2

Set the parameters as follows.

①Display signals

Set to ON to display signals, or OFF to hide them.

②Short term perfect order

If ON, entry and exit signals appear when short-term MAs are in perfect order. To disable, set to OFF.

③Long term perfect order

If ON, entry and exit signals appear when long-term MAs are in perfect order. To disable, set to OFF.

④All short term above/below all long term

If ON, entry and exit signals appear when all short-term MAs cross all long-term MAs. To disable, set to OFF.

Timing of trading signals

In the GMMA Indicator, entry and exit signals can be displayed based on three conditions: “short-term MAs in perfect order,” “long-term MAs in perfect order,” and “all short-term MAs crossing all long-term MAs,” but when multiple conditions are turned “ON,” entry signals are displayed only when all of them are satisfied.

After an entry signal is displayed, an exit signal is displayed when any one of the conditions that are turned “ON” is no longer satisfied.

For example, if both “short-term MA in perfect order” and “long-term MA in perfect order” are turned “ON,” an entry signal is displayed only when both short-term and long-term MAs achieve perfect order. Subsequently, when either short-term or long-term MA is no longer in perfect order, an exit signal is displayed.

①Icon of long entry signal

Specify the special character code for long entry signals. You can find the codes on the MQL5 website.

②Icon of long exit signal

Specify the special character code for long exit signals. You can find the codes on the MQL5 website.

③Icon of short entry signal

Specify the special character code for short entry signals. You can find the codes on the MQL5 website.

④Icon of short exit signal

Specify the special character code for short exit signals. You can find the codes on the MQL5 website.

⑤Color of long entry signal

Choose the color for long entry signals.

⑥Color of long exit signal

Choose the color for long exit signals.

⑦Color of short entry signal

Choose the color for short entry signals.

⑧Color of short exit signal

Choose the color for short exit signals.

⑨Size of long entry signal

Set the size of long entry signals from 1 to 5.

⑩Size of long exit signal

Set the size of long exit signals from 1 to 5.

⑪Size of short entry signal

Set the size of short entry signals from 1 to 5.

⑫Size of short exit signal

Set the size of short exit signals from 1 to 5.

①Display trade lines

Set to ON/OFF to show or hide trade lines.

②Color of trade lines

Choose the color for trade lines.

③Style of trade lines

Choose the line style for trade lines.

・Solid

・Dash

・Dot

・Dashdot

・Dashdotdot

④Width of trade lines

Set the width of trade lines from 1 to 5.

①Entry signal alert

Set to ON to receive notifications for entry signals. Set to OFF otherwise.

②Exit signal alert

Set to ON to receive notifications for exit signals. Set to OFF otherwise.

③Popup alert

When set to ON, you'll receive popup notifications on MT4/MT5 for PC.

④Notification alert

When set to ON, you'll receive popup notifications on the MT4/MT5 mobile app.

⑤Email alert

When set to ON, you'll receive email notifications.

⑥Sound alert

Set to ON to play a sound when notifications are triggered, or OFF if you prefer no sound.

⑦Alert sound file

If 'Sound alert' is ON, the audio file specified here will play with notifications. The .wav file must be located in the 'Sounds' folder within the same directory where MT5 is installed, not in the MT5 data folder.

①Common settings for short term MAs

Turn ON to apply the same settings to all short-term MAs. Turn OFF to configure each MA individually.

②Short term MAs method

Choose the type for short-term MAs.

・Simple: simple moving average

・Exponential: exponential moving average

・Smoothed: smoothed moving average

・Linear weighted: linear weighted moving average

③Short term MAs price

Choose the price to use for calculating short-term MAs.

・Close price

・Open price

・High price

・Low price

・Median price: (high price + low price) ÷2

・Typical price: (high price + low price + close price) ÷3

・Weighted price: (high price + low price + close price×2) ÷4

④Short term MAs color

Choose the line color for short-term MAs.

⑤Short term MAs style

Choose the line style for short-term MAs.

・Solid

・Dash

・Dot

・Dashdot

・Dashdotdot

⑥Short term MAs width

Set the line thickness for short-term MAs from 0 to 5. If set to 0, all short-term MAs will be hidden.

⑦Common settings for long term MAs

Turn ON to apply the same settings to all long-term MAs. Turn OFF to configure each MA individually.

⑧Long term MAs method

Choose the type for long-term MAs.

・Simple: simple moving average

・Exponential: exponential moving average

・Smoothed: smoothed moving average

・Linear weighted: linear weighted moving average

⑨Long term MAs price

Choose the price to use for calculating long-term MAs.

・Close price

・Open price

・High price

・Low price

・Median price: (high price + low price) ÷2

・Typical price: (high price + low price + close price) ÷3

・Weighted price: (high price + low price + close price×2) ÷4

⑩Long term MAs color

Choose the line color for long-term MAs.

⑪Long term MAs style

Choose the line style for long-term MAs.

・Solid

・Dash

・Dot

・Dashdot

・Dashdotdot

⑫Long term MAs width

Set the line thickness for long-term MAs from 0 to 5. If set to 0, all long-term MAs will be hidden.

①Short term MA period

Set the period for each short-term MA.

②Long term MA period

Set the period for each long-term MA.

①Short term MA method

Choose the type for each short-term MA.

・Simple: simple moving average

・Exponential: exponential moving average

・Smoothed: smoothed moving average

・Linear Weighted: linear weighted moving average

②Long term MA method

Choose the type for each long-term MA.

・Simple: simple moving average

・Exponential: exponential moving average

・Smoothed: smoothed moving average

・Linear Weighted: linear weighted moving average

①Short term MA price

Choose the price to use for calculating each short-term MA.

・Close price

・Open price

・High price

・Low price

・Median price: (high price + low price) ÷2

・Typical price: (high price + low price + close price) ÷3

・Weighted price: (high price + low price + close price×2) ÷4

②Long term MA price

Choose the price to use for calculating each long-term MA.

・Close price

・Open price

・High price

・Low price

・Median price: (high price + low price) ÷2

・Typical price: (high price + low price + close price) ÷3

・Weighted price: (high price + low price + close price×2) ÷4

①Short term MA color

Choose the line color for each short-term MA.

②Long term MA color

Choose the line color for each long-term MA.

①Short term MA style

Choose the line style for each short-term MA.

・Solid

・Dash

・Dot

・Dashdot

・Dashdotdot

②Long term MA style

Choose the line style for each long-term MA.

・Solid

・Dash

・Dot

・Dashdot

・Dashdotdot

①Short term MA width

Set the line thickness for each short-term MA from 0 to 5. If set to 0, the MA will be hidden.

②Long term MA width

Set the line thickness for each long-term MA from 0 to 5. If set to 0, the MA will be hidden.

GMMA Indicator

Usage scenarios

Combining with ADX and Bollinger Bands for trading decisions

Using for confirming GMMA effectiveness

Quickly display highly customizable GMMA

How to install

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step 7

Step 8

Step 9

How to set up

Step 1

Step 2

Trader's Market

Trader's Market

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