NVDA : Understand the Guppy Multiple Moving Average (GMMA) Indicator
@nerdbull1669:
As practitioner of technical analysis, traders and investors employ various tools to analyze price trends and make informed decisions. One such tool is the Guppy Multiple Moving Average (GMMA) indicator. It was developed by Daryl Guppy, an Australian trader and author, the GMMA indicator is designed to identify the strength and direction of trends in financial markets. I shall try to explain and provide an in-depth understanding of GMMA and how it can be utilized in trading strategies. I will use one stock to illustrate how GMMA indicator shall look like in a chart. What is GMMA? The Guppy Multiple Moving Average indicator consists of two sets of moving averages that collectively offer a comprehensive view of market sentiment. The first set is known as the short-term group, which typi