The World of Technical Indicators You Don't Know｜Episode 3 GMMA [Yasushi Yamanaka]
Moving averages, RSI, and other widely watched indicators by many market participants are classic analyses, but they do not necessarily suit everyone. Here, we have Koji Yamanaka, a professional with deep expertise in indicators, explain lesser-seen metrics that don’t appear often in this publication, broadening the horizons and options of deep technical analysis.
Koji Yamanaka Profile
Director at Ascendant. Joined Bank of America in 1982, vice president in 1989, Proprietary Manager in 1993. Deputy Head of the Foreign Exchange Funds Department at Nikko City Trust Bank in 1999. Founded Ascendant in 2002.
Official Blog：FX information delivery site provided by Ascendant / Koji Yamanaka
Twitter：https://twitter.com/yasujiy
※ This article is a reproduction/re-edit of an article from FX攻略.com April 2021 issue. Please note that the market information written in the main text may differ from current market conditions.
12 Exponential Moving Averages
Arguably the indicators most used in technical analysis are moving averages. They are used on their own, or to smooth oscillator-type indicators, or seen in various forms. In this issue, we introduce GMMA (Guppy Multiple Moving Averages), a popular variant of the Exponential Moving Average (EMA).
As the name suggests, GMMA is an analytical method developed by Darryl Guppy that displays 12 EMAs. From its structure, it is sometimes called a "composite moving average" and, read in Roman letters, "gamma," but here we simply refer to it as GMMA (G-M-M-A).
