Fib, Guppy Multiple MA (FGMMA) (A/D & Volume Weight, SMA, EMA)

The Fib, Guppy Multiple MA (FGMMA) indicator provides a versatile suite of 15 moving averages designed to help traders analyze market flow, momentum, and dynamic support or resistance levels.

Usage

The tool is primarily used for market flow analysis through moving average ribbons. By visualizing multiple MAs simultaneously, users can identify the strength of a trend and potential reversal points.

• Market Flow: Use the "Guppy" or "cI8DH" presets to observe short-term vs. long-term sentiment. When the ribbons are wide and parallel, the trend is strong; when they contract or twist, a change in trend or consolidation is likely.
• Structural Analysis: The "Fibonacci" preset acts as a dynamic version of Fibonacci channels, allowing traders to assess market stages and momentum based on the golden ratio sequence.
• Volume Integration: By enabling Volume Weight or Accum/Dist Weight, the MAs become more sensitive to high-activity price levels, helping filter out "thin" price moves that lack significant volume support.

Details

This script allows for extensive customization of MA calculations, supporting Simple (SMA), Exponential (EMA), Weighted (WMA), and Smoothed (SMMA) types. A unique feature is the inclusion of Accumulation/Distribution Volume Weighting. Unlike standard VWMA which uses a Simple MA base, this tool allows volume weighting to be applied to any selected MA type. The "Accum/Dist Weight" setting specifically filters volume based on price action efficiency, ensuring that only relevant volume contributes to the average calculation.

Settings

General Settings

• Source: Determines the price data used (e.g., Close, HLC3). HLC3 is recommended for capturing comprehensive candle data.
• Volume Weight: Enables volume weighting for all active MAs.
• Accum/Dist Weight: Adjusts the influence of volume based on the Accumulation/Distribution ratio (0 to 10 scale).

Moving Average Groups

• MA type for 1 to 3: Selects the calculation method for the first three standalone MAs (typically used for long-term benchmarks like SMA 50, 100, and 200).
• MA type for 4 to 15: Selects the calculation method for the ribbon MAs.
• Predefined MA length: Choose between Custom, Fibonacci (2-377), Guppy, or the cI8DH sequence.
• Lengths (MA 1 - MA 15): Individual length inputs available when set to "Custom" mode.

FAQ

How do I access Fib, Guppy Multiple MA (FGMMA)?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

What is the benefit of the cI8DH preset over standard Guppy?

The cI8DH preset uses an increasing sequence spacing (+1) to create a more mathematically elegant distribution compared to the traditional Guppy sets, which some traders find more effective for identifying smooth market transitions.

When should I use the HLC3 source?

HLC3 (High, Low, Close divided by 3) is useful for capturing a more balanced view of market activity within each candle, whereas the "Close" source is often preferred for commonly followed levels like the EMA 20 or SMA 200 due to their widespread use.