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Hi Nand -
Most of the Guppy "method" can be found in his book Trend Trading.
Essentially it has several components:
1. Drawn trend line
2. Set of short term moving averages
3. Set of long term moving averages.
4. Count back line (CBL). (http://www.guppytraders.com/gup332.shtml)
5. Maximum chase line (MCL). (Commonly used if you're late on seeing
the breakout. Shouldn't happen,if you're using the CBL.)
The short and long term moving averages are used to validate changes
in the trend. (When there is a close to the right of the line is
usually taken as the break).
Convergence of short term moving averages anticipates the convergence
of long term moving averages.
The subsequent convergence of long terms moving averages is a further
confirmation. The cross of the short term above the long term is yet
further confirmation.
The CBL has to be crossed before a trade can be taken in his trend
following approach. If the stock has crossed the MCL line, he
suggests waiting.
The following may be useful:
http://www.stockmeetingplace.com/forum/
http://www.startraderreport.com/Articles/GuppyMMA/GMMAArticle1.html
http://www.guppytraders.com/gup329.shtml
http://www.traderji.com/technical-analysis/620-guppy-multiple-moving-
average.html
A free automatic trend line drawer is available at
http://www.daedalussoft.com/FreeSection/FreeSectionIndex.html
It's GSautoTL.zip Read his TASC article on it as well.
I'm probably prejudiced, but I believe the best toolkit available for
Guppy MMAs (not much on interpretation but lots of tools) is
available to subscribers of Roy's MSST (I think you'll need to
purchase the back issues.)
http://www.metastocktips.co.nz/
More recently MS code for the CBL and MCL has appeared there. Code
for (non automatic, but customizable) trend lines based on 3 bar Tops
and Bottoms has also appeared.
Hope the above has been helpful. Good luck with your use of the MMAs.
Regards,
Ron
In equismetastock@xxxxxxxxxxxxxxx, "jimmydahands" <bellamy_29m@xxx>
wrote:
>
> --- In equismetastock@xxxxxxxxxxxxxxx, Nand Rathi <nand_rathi@>
wrote:
> >
> > Hello Preston
> >
> > Thanks for the knowledge sharing. Hope you are having a nice
> weekend. I had a good one visiting a Tiger Sanctuary nearby.
> >
> > I need to take your message small chunk at a time.
> >
> > I did google on Guppy MMA and understood the notional concept.
But I
> couldn't locate any coherent discussion on how to interpret this
> wonderful technique with examples preferably in MS world.
> >
> > I found an oscillator approach on
> >
> > http://trader.online.pl/MSZ/e-w-Guppy_MMA_Oscillator.html
> >
> > and an exploration
> >
> >
> http://trader.online.pl/MSZ/e-ex-
Guppy_Multiple_Moving_Average_Exploration.html
> >
> > But nothing on how to interpret the results. My purpose is to
model
> it in MS explorer to provide me a basic screener as you pointed out.
> >
> > In particular, here is my struggle
> >
> > Any interpretation of Congestion/Intertwine region of ShortTerm
and
> LongTerm Group (If so how will I determine it, a naive approach may
be
> all values ST or LT in a say 1% band)
> >
> > Does Crossovers have any significance? Is so, how would I
determine
> it, as cross function works with two data arrays only.
> >
> > How do you interpret the constricted patterns in a group? (I guess
> some of the MA's having same value should create this pattern)
> >
> > Finally I guess Close has to be higher than the ST group which in
> turn should be higher than the LT group for a buy list candidate.
Does
> this make sense.
> >
> > I guess if I can write and understand this explorer, it will be an
> achievement for me as a newbie.
> >
> > Can you please help me here?
> >
> > regards
> >
> >
> > N
> >
>
> Why not ask Darryl yourself at http://www.stockmeetingplace.com
>
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