In this version of Super Guppy Traders Group of EMAs are:
- EMA3 to EMA23 step 2 (Aqua=Uptrend, Blue=downtrend)
- EMA25 to EMA70 step 3 (Lime=Uptrend, Red=downtrend)
- (Gray=Trend not established or in a Pull Back).
The idea of Guppy EMAs is to use repetitions to identify points of agreement and disagreement which precede significant trend changes. For further info on how Guppy/Super Guppy can be used in trading please refer to
and many other articles available on the subject.
This indicator provides the following :
- Swing Arrow Alerts (Red for Sell and Green for Buy) to indicate PullBack entries after new trend has been established. Also have option to wait for both fast and slow to completely separate (Confluence). Another option is to show alerts when show arrows when Candle colour changes, this is handy when using Heikin Ashi or Renko Charts.
- Trend Break Arrow Alerts (Blue for Sell and Aqua for Buy) to indicate entries for aggressive trend swing point and is calculated by cross over of the average Traders with the average Investors . This was suggested option by Guppy.
- Anchor Time frame (0=current), is the time frame that the Guppy EMAs are calculated for. In this way the 60min Guppy can be viewed on say 15min chart and help with setting up tighter Stop Loss conditions.
- Alert conditions are also created for the TradingView Alarm subsystem. Only alerts for the selected alert options are generated.
- Added changes to limit the number of Alerts that occur close together.
- Fix bug in Anchor calculations when chart Time frame not intraday (ie Daily, Weekly, Monthly).
- Fix bug in Break Arrow calculation, was signalling when Investor MAs had not started to change direction yet.
- Fixed Traders group to start colouring to start before Investors Group, rather than together.
- Fix bug in 1st pullback arrow calculation.
- Added option to display candle colours relative to Guppy Trend indication.
- Change Anchor to be based purely on Minutes, so 1 month=30240mins (21 trading days), 1 week=7200mins (5 trading days), 1 Day=1440mins. This makes it more consistent across intraday and extraday chart Timeframes.