Registered User
Joined: 12/8/2004
Posts: 6
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Can anyone tell me where to find these charts. Are they in the premium version of Telecharts? "Sir geologist" referred to them in last night's notes.
Thanks, Jim
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Do you mean having multiple moving averages on the same chart?
QUOTE (Sir Geologist) The multiple EMA program centers at the Rainbow or Guppy Chart where one plots multiple exponential moving averages of price onto the price chart. The MA values are 3,5,8,10,12,15,30,35,40,45,50 and 60. The resultant chart allows to evaluate long- and short-term trends. A basic PCF designed to find stocks that are positive (long and short trends are up) is '(C>XAVGC3) and (XAVGC3 > XAVGC5)...and (XAVGC50 > XAVGC60)'. If we use the MA sequence 30-60 alone in a PCF, only long-term trends are available for sorts or EASYSCAN to find stocks and funds in long up-trends. I invest in or trade only in stocks where the Rainbow Chart from EMA30 to EMA60 is positive.
- Craig
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Registered User
Joined: 12/8/2004
Posts: 6
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Craig,
I guess he is just setting up the price moving averages of the multiple time periods; I had just never heard of using so many MA's as an effective trend tool.
Jim
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Correct. Be sure when you are adding these averages you add them to price each time, it is easy to add the next average to the previous average. When you are done all of the averages should be flush left with each other and indented under price.
- Craig
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Registered User
Joined: 2/28/2005
Posts: 825
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I think it is interesting to note (view tight ADAM daily chart-say Zoom 3) that as all these indicators tighten up, and the lesser days cross the greater days moving up, that a move is normally about to take place. And vice-versa of course!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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To understand why the MA's work this way, check out these two vidoes:
Understanding Moving Averages - Part I, The Basics
Understanding Moving Averages - Part II, Using Multiple Averages
- Craig
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Registered User
Joined: 2/28/2005
Posts: 825
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Thanks for the video's. I will watch them for certain.
Craig, I just setup my PCF as you described up above (for each of the Guppy ma's). Is there any way, once I run this pcf on my watchlist of say 300 stocks, to quickly locate those stocks which are tightening up like a rope, as I described earlier, or where the lesser ma's are just readying to break above the larger ma's as I described.
On my F1 Chart Template I imput each of these ma's for my visual, which is cool to observe, but takes lots of time to spacebar through each one of them individually.
BTW! Great tip you gave of long term investing on the 30-60's
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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To be clear:
Give me the periods and avg types of all your moving averages
You are looking for them to tighten up (converge) with each other?
- Craig
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Registered User
Joined: 2/28/2005
Posts: 825
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QUOTE (alindsley) Thanks for the video's. I will watch them for certain.
Craig, I just setup my PCF as you described up above (for each of the Guppy ma's). Is there any way, once I run this pcf on my watchlist of say 300 stocks, to quickly locate those stocks which are tightening up like a rope, as I described earlier, or where the lesser ma's are just readying to break above the larger ma's as I described.
On my F1 Chart Template I imput each of these ma's for my visual, which is cool to observe, but takes lots of time to spacebar through each one of them individually.
BTW! Great tip you gave of long term investing on the 30-60's
TOM-- Tommy Hilfiger would be an example of what I am looking for.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Ok... can you give me the settings for all of your moving averages (period and avg type)?
- Craig
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Registered User
Joined: 2/28/2005
Posts: 825
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Guppy Indicator Scan
c>(xavgc3)
c>(xavgc3 > xavgc5)
c>(xavgc5 > xavgc8)
c>(xavgc8 > xavgc10)
c>(xavgc10 > xavgc12)
c>(xavgc12 > xavgc15)
c>(xavgc15 > xavgc30)
c>(xavgc30 > xavgc35)
c>(xavgc35 > xavgc40)
c>(xavgc40 > xavgc45)
c>(xavgc45 > xavgc50)
c>(xavgc50 > xavgc60)
Hope I did this correctly
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Your PCFs have incorrect syntax (don't use them).
On your chart do you have plotted (all exponential) these period moving averages?
3
5
8
10
12
15
30
35
40
45
50
60
?
If so, try sorting any WatchList by the following PCF in ASCENDING ORDER.
100*(ABS(XAVGC3-XAVGC5)+ ABS(XAVGC5-XAVGC8)+ ABS(XAVGC10-XAVGC8)+ ABS(XAVGC10-XAVGC12)+ ABS(XAVGC12-XAVGC15)+ ABS(XAVGC15-XAVGC30)+ ABS(XAVGC35-XAVGC30)+ ABS(XAVGC35-XAVGC40)+ ABS(XAVGC45-XAVGC40)+ ABS(XAVGC50-XAVGC45)+ ABS(XAVGC50-XAVGC60)+ ABS(XAVGC3-XAVGC60)+ ABS(XAVGC5-XAVGC45)+ ABS(XAVGC30-XAVGC8)+ ABS(XAVGC10-XAVGC60))/(MAXH100-MINL100)
It should bring the stocks with the more consolidated averages to the top of your list. Be sure you are sorting in ASCENDING order.
Here are a few videos to review:
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
Create your own stock rankings using WatchLists and Sort conditions
You should also go through this checklist to make sure all of you averages are plotted correctly under price:
Things to check if your moving averages don't "seem right" or "seem to match"
- Craig
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Registered User
Joined: 2/28/2005
Posts: 825
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You are the man! Exactly what I was looking for Craig. Thank you so very much sir. That should shave lots of time off of my searching.
And btw! Yes. I did create each of those ema's on my chart. Your scan works like a charm.
Thanks again.
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Registered User
Joined: 2/28/2005
Posts: 825
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The GMMA (Guppy Multiple Moving Averages) are included in not only Metastock, but other well known software programs. Perhaps one day your programmers will consider adding GMMA an yet another great indicator for our use.
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Registered User
Joined: 1/21/2006
Posts: 9
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Craig,
Where did you get the Quote from Sir Geologist this is how my report read!
QUOTE (Sir Geologist)
My long-trend indicators include the Guppy (or Rainbow) Chart with its numerous price MAs from (exponential) 3 to 60, and stochastics 30.4,5 and 45.4,4. They all have to have an upward direction (lying above their own MAs). Stochastics longer than about 14 often lie above the 70 value line for a considerable length of time.
He dosen't say what exact MA's he uses. New users find tike myself find this VERY CONFUSING.
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Registered User
Joined: 2/28/2005
Posts: 825
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Do a websearch for Guppy indicators . They are everywhere
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Registered User
Joined: 1/21/2006
Posts: 9
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Thanks for the info but, you missed the point! The supposed QUOTE (Sir Geologist)is Different!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Follow the link below, search for Sir Geologist to read all of his submissions (including the one I quoted).
>>>>> Worden Report Searchable Archive Link <<<<<<
- Craig
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Registered User
Joined: 1/21/2006
Posts: 9
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Thanks Craig
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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My pleasure!
- Craig
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 Gold Customer
Joined: 6/29/2005
Posts: 885
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Craig..I recently put the moving averages on a guppy chart to see how this works. I also cut and pasted your sort pcf. But when I try to sort, it gives me nothing. I update my pcfs and still the pcf you wrote for the sort doesnt update. Did I miss a step?? Thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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When you test the PCF what do you get?
- Craig
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