Thread: Guppy - - Vertex FX Indicator

Guppy is a powerful Vertex F X client side V T L indicator in the family of trend-following indicators that provides precise BUY and SELL signals for trading.
The Guppy indicator is comprised of 6 Moving Averages with periods ranging from very fast to medium to capture the trend over a wider spectrum.
In the first step we calculate the six moving averages for the specified Moving Average type (M A TYPE) and specified price field (PRICE FIELD).
When the candle closes above all the six Moving Averages, a BUY signal is triggered, whereas if the price closes below all the six Moving Averages, a SELL signal is triggered.
The concept behind the Guppy indicator is that when a trend is formed it must be confirmed over a range of moving averages. This eliminates whipsaws, sideways movements and noise. When all the moving averages are moving in one direction, and the price overtakes the moving average in the direction of the trend it implies that the trend is strong and confirmed.
On the contrary, when the trend is not strong, the slower Moving Averages do not confirm with the faster Moving Averages, and therefore the false trend signals are eliminated.
BUY - Enter BUY trade when Guppy indicator BUY (BLUE) arrow is displayed at candle close. Do not enter BUY trade if candle has gap up opening.
SELL - Enter SELL trade when Guppy indicator SELL (RED) arrow is displayed at candle close. Do not enter SELL trade if candle has gap down opening.