[blackcat] L1 GMMA Long Entry

2020년 10월 10일

Level: 1

Background

The Guppy Multiple Moving Average (GMMA) is a technical indicator that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two sets of moving averages (MA) with different time periods. There is a short term group of MAs and a long term group of MAs.

Function

[blackcat] L1 GMMA Long Entry classify short-mid term GMMA cluster and long term GMMA cluster with key Fibnocci numbers. Long entry signal is generated with GMMA cluster relationship.

Key Signal

Long entry 1~6 ---> Long entry signal generated with GMMA cluster relationship.

Pros and Cons

Pros:

1. easy observe price trend
2. it covers short, middle and long term trend analysis


Cons:

1. Only long entry signal is disclosed here
2. No complex trading strategy is used yet


Remarks

NA

Readme

In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.

The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.

Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.

Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.

Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.

Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.

Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.

3월 27일

릴리즈 노트

OVERVIEW

The [blackcat] L1 GMMA script provides buy/sell signals using dual-timeframe GMMA clusters (short/mid-term + long-term EMAs). It analyzes price relationships between multiple exponential moving averages combined with volume criteria for decision-making.
FEATURES

Dual timeframe analysis:

Short/Mid-Term Cluster: EMA(3), EMA(5), EMA(8), EMA(10), EMA(12), EMA(15)
Long-Term Cluster: EMA(30), EMA(35), EMA(40), EMA(45), EMA(50), EMA(60)
Dynamic line coloring:

Yellow → upward movement
Maroon/red → downward movement
Multi-condition entries/exits:

Volume filter (≥120% average)
Price breakout conditions
Cross-over/cross-under detection between key EMAs
Visual indicators:

Green "BUY" labels below bars for entry confirmation
Red "SELL" labels above bars for exit triggers
HOW TO USE

Apply to any financial instrument chart
Observe EMA cluster formations:
Buy signal when short-term EMAS show sustained upward momentum while surpassing long-term EMAS
Sell signal when reversal patterns form across EMAS
LIMITATIONS

Requires at least 60 candles for full initialization
Market volatility may cause false signals during sideways trends
Timeframe sensitivity requires manual parameter adjustment
NOTES

Optimal performance observed on daily/hourly charts
Adjust volume thresholds (currently set at ±20%) via a3/a3_sell parameters
Combine with trend confirmations from larger EMAs (e.g., EMA60)