DOW / US30 - The Power of Guppy
Great tool that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two groups of moving averages (MA) with different time periods. There is a short-term group of MAs, and a long-term group of MA. Here in the image I'm showing the slow MAs and 2 of the fast MAs.
-When the short-term group of averages moves above the longer-term group, it indicates a price uptrend in the asset could be emerging.
-When the short-term group falls below the longer-term group of MAs, a price downtrend in the asset could be starting.
-When there is lots of separation between the MAs, this helps confirm the price trend in the current direction.
-If both groups become compressed with each other, or crisscross, it indicates the price has paused and a price trend reversal is possible.
-Traders often trade in the direction the longer-term MA group is moving, and use the short-term group for trade signals to enter or exit.
-When the short-term group of averages moves above the longer-term group, it indicates a price uptrend in the asset could be emerging.
-When the short-term group falls below the longer-term group of MAs, a price downtrend in the asset could be starting.
-When there is lots of separation between the MAs, this helps confirm the price trend in the current direction.
-If both groups become compressed with each other, or crisscross, it indicates the price has paused and a price trend reversal is possible.
-Traders often trade in the direction the longer-term MA group is moving, and use the short-term group for trade signals to enter or exit.
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