The Guppy Multiple Moving Average (GMMA) is a popular and free Forex indicator for the MT4 platform. It is a useful tool for traders who are looking to identify changes in trend direction and momentum. The GMMA consists of two sets of moving averages, one set of short-term averages and one set of long-term averages. The short-term averages are typically based on shorter time frames and represent the current market sentiment, while the long-term averages are based on longer time frames and represent the overall trend. The GMMA indicator is designed to help traders identify the start of a new trend. When the short-term averages cross above the long-term averages, it is a sign that the trend is beginning to turn bullish. Conversely, when the short-term averages cross below the long-term averages, it is a sign that the trend is beginning to turn bearish. The GMMA indicator can also be used to identify potential support and resistance levels. By looking at the intersection of the short-term and long-term averages, traders can identify potential areas where the trend may reverse. It is important to combine the GMMA with other indicators and analysis techniques to get a more comprehensive view of the market.
MT4
Guppy Mulitple Moving Average Short
The Guppy Multiple Moving Average (GMMA) is a popular and useful Forex indicator that is available for free on the MT4 platform. It is a technical analysis tool that uses two sets of moving averages to identify changes in the direction of the trend. The GMMA indicator is a powerful tool that can be used by traders of all levels to identify potential trading opportunities.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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