This is the fifth GMMA Forex indicator in a series of 11 indicators entirely based on the Guppy multi moving average.
The RainbowMMA_05 consists of the following moving averages:
90 period exponential moving average, 86 period exponential moving average, 82 period exponential moving average, 78 period exponential moving average, 74 period exponential moving average and 71 period exponential moving average.
Trading Signals
Buy: Wait for the price to rise above the RainbowMMA_05 GMMA
Sell: Wait for the price to drop below the RainbowMMA_05 GMMA
Indicator Preferences
Currency pairs: any
Time frames: any
Sessions: any
Download
Download the RainbowMMA_05.mq4 indicator.
Configurable Indicator Options
Colors
EUR/USD H1 Chart Example
How to install the 71 EMA – 90 EMA Guppy custom indicator in Metatrader 4?
- Download the RainbowMMA_05.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.