In this section you can download GMMA for Metatrader4:
You can add averages by yourself, but this is improved version with colored averages. When average is going up it has different color when it is going down. Thanks to that it is much easier to spot current trends.
About Guppy Multiple Moving Average
This is indicator invented by Australian trader Daryl Guppy. It is build from two sets of moving averages:
– short-term averages – 3, 5, 8, 10, 12, 15
– long-term averages – 30, 35, 40, 45, 50, 60
With short-term averages you follow short-term traders and with long-term you follow long-term investors.
You can add to this set 100 and 200 averages to follow most important resistance/supports levels.
In Metatrader4 open File menu (left top) and select Open Data Folder. You should see a new window with MT4 folders and files. Something similar to the screen below:
Go to unzipped folder. Move content from MQL4/Indicators to the same folder in MT4 window.
Do the same with templates. Go to the Templates folder and copy content to the same folder in MT4 window.
Questions? Leave a comment and I will try to help you.