Guppy Multiple Moving Average indicator - GMMA

Daryl Guppy is an Australian technical analyst who has developed a very useful method of applying multiple moving averages for trend analysis. His website is called Guppytraders.com which is his educational and training site. The GMMA is essentially two bands of moving averages, a fast band and a slow band. When the fast band is above the slow band the trend is up and when the fast band is below the slow band the trend is down. Below you can see a 60 day chart of 4 hour candle periods of the S&P 500.
A close up of the end of the above chart shows that the fast moving average band has moved above the slow moving average band and that price has pulled back to rest on top of the slow band. This is a low risk entry signal to buy into the market. Click on chart to enlarge.