This is a Free Indicator
The Fanned Multiple Moving Average day trading indicator uses two sets of moving averages (long and short term) to calculate the probability of trend development, change, and direction. The FMMA reveals the nature of the trend and the trend changes which often reveals the starting point of a breakout.
This indicator is based on Darryl Guppy’s GMMA (Guppy Multiple Moving Average). However, the FMMA takes it to the next level with highly accurate moving average lines that change color according to the direction of the trend.
Unlike the standard GMMA, our indicator allows you change the moving averages periods and choose from 9 types of moving averages including, but not limited to SMA, EMA, HMA, and LinReg. The moving averages are grouped into Long Term and Short Term lines, so you can even have different Moving Averages groups in the same indicator. This enables you to adapt this fan tailed indicator to different trading styles, charts types, and time periods.
NOTE: The indicator installs with the standard parameters found in the GMMA.
Trend Coloring can be changed according to the following:
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Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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