As a trend trader, it’s not enough to just identify the direction of a trend and catch the trend.
Trend trading success depends not only on properly identifying the trend direction and catching the trend after it has started but also on getting out as soon as possible after the trend has reversed.
If you find yourself struggling with any of the above, you might want to take a look at the Guppy Multiple Moving Average indicator.
The Guppy Multiple Moving Average (GMMA), also known simply known as ”Guppy“, is a technical indicator that identifies changes in trends, which means it provides you with an objective method to know when to get in and when to get out of a trade.
On a chart, it looks like this…
An Australian trader named Daryl Guppy created the Guppy. Hence, the name of the indicator.