CM Super Guppy Guide

Trading Guide Nov 20, 2020
Image for post

It’s an overlay indicator (it displays directly on the chart), and it is  also a custom designed script by a user on TradingView (but it is also  free).

For the purposes of this example, I decide dot use $ZILBTC (this is not a full analysis, just looking at the CM Super Guppy.

Also, I believe that this is where you can find the script now:

CM Super Guppy by FritzMurphy on TradingView.com

Not sure why it has become so difficult to find the script on TradingView.  He may be doing some stupid shit with it. No clue, but I’ll map out what I know to be true about it.

Image for post

You see all of those lines there? These are an aggregate of a bunch of diff MA values

Here’s the actual code that the user in that TradingView link (above):

// Daryl Guppy Super EMA's study = https://pastebin.com/4362iwJX

Image for post
Image for post

So, the first picture above ^ speaks for itself in a lot of ways and probably doesn’t need to be elaborated on.

However, the second one may need a bit of explanation:

A) Green Lines = Uptrend

B) Red Lines = Downtrend

That’s simple & intuitive enough. That matches the colors + price movements of the candles that we all use.

Whenever you have nothing but grey lines (i.e., no grey or red lines — JUST grey ones), that means that MAJOR price  action is going to occur (could be negative or positive).

Generally, that price action will be in the direction that the price is moving at  the time. You can even see this in the most recent picture above ^ ^

Another Thing:

Image for post

Whenever the CM Super Guppy is showing those orange lines when there’s nothing but red lines, that’s a trend confirmation.

Image for post

Also, there’s a blue line on the indicator that I have, this tends to serve  as a pretty reliable resistance/support point & a pivot for price.

Image for post

Tags

cryptomedication

Happy to serve and help wherever I'm needed in the blockchain space. #Education #EthicalContent #BringingLibretotheForefront

Great! You've successfully subscribed.
Great! Next, complete checkout for full access.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.