OPEN-SOURCE SCRIPT
Adaptive GMMA Phase Fill with Ichimoku Cloud
Adaptive GMMA Phase Fill
Adaptive GMMA Phase Fill is a trend visualization indicator that combines the Guppy Multiple Moving Average (GMMA), short-term momentum phase analysis, market trendiness, and the Ichimoku Cloud.
The indicator is designed to show not only the direction of a trend, but also whether short-term momentum is accelerating, weakening, or transitioning relative to the broader GMMA structure.
Main Features
* Fast GMMA using 3, 5, 8, 10, 12, and 15-period EMAs
* Slow GMMA using 30, 35, 40, 45, 50, and 60-period EMAs
* ATR-normalized slope analysis
* Fast-GMMA phase detection
* Trendiness-based dynamic transparency
* Optional Ichimoku Cloud with bullish and bearish coloring
* Configurable cloud boundary lines
* Optional phase background
* Alert conditions for acceleration and exhaustion transitions
Fast GMMA Phase Colors
The fast GMMA bundle changes color according to its average slope and the relative movement of its component EMAs.
* Green: Bullish movement or bullish acceleration
* Light gray: Possible momentum exhaustion or an early loss of directional strength
* Medium gray: Bearish or weak directional movement
* Dark gray: Bearish acceleration
The phase calculation compares the ATR-normalized slopes of adjacent fast EMAs. This helps identify changes within the fast bundle before they become obvious from price alone.
Slow GMMA Colors
The slow GMMA provides the broader trend structure.
* Red: The fast GMMA mean is above the slow GMMA mean
* Dark gray: The fast GMMA mean is below the slow GMMA mean
* Medium gray: No clear separation between the two bundles
The slow bundle therefore acts as a structural trend reference, while the fast bundle highlights shorter-term changes in momentum.
Adaptive Transparency
The opacity of the GMMA lines and fills is adjusted using a trendiness measure derived from the Choppiness Index.
* Stronger, more directional trends are displayed more clearly.
* Choppy or range-bound conditions are displayed with greater transparency.
This makes prominent trends visually stand out while reducing emphasis during less directional market conditions.
Ichimoku Cloud
The indicator can optionally display only the Ichimoku Cloud, without the Conversion Line, Base Line, or Lagging Span.
* Green cloud: Senkou Span A is above Senkou Span B
* Red cloud: Senkou Span A is below Senkou Span B
* Green boundary: Senkou Span A
* Red boundary: Senkou Span B
The default Ichimoku settings are 9, 26, 52, with a 26-period forward displacement. All settings and cloud colors can be customized.
The cloud provides an additional view of longer-term market structure, while the GMMA phase colors focus on current trend direction and momentum development.
Suggested Interpretation
The indicator is intended as a visual framework rather than a standalone entry or exit system.
For example:
* A green fast bundle above the slow bundle may indicate bullish continuation.
* A light-gray fast bundle during an established uptrend may indicate weakening momentum.
* A dark-gray fast bundle may indicate increasing bearish pressure.
* Agreement between the GMMA structure and Ichimoku Cloud may indicate stronger directional alignment.
* Conflicting GMMA and cloud conditions may indicate a transition or consolidation phase.
Signals should be evaluated together with price action, support and resistance, timeframe context, and appropriate risk management.
Alerts
Alert conditions are included for:
* Bullish acceleration
* Bullish exhaustion
* Bearish acceleration
* Bearish exhaustion
These alerts trigger when a new phase state begins.
Notes
ATR normalization makes the slope calculation more comparable across instruments and volatility environments. However, the interpretation may still vary depending on the asset and timeframe.
This indicator does not predict future price movement and should not be used as the sole basis for trading decisions.
Adaptive GMMA Phase Fill is a trend visualization indicator that combines the Guppy Multiple Moving Average (GMMA), short-term momentum phase analysis, market trendiness, and the Ichimoku Cloud.
The indicator is designed to show not only the direction of a trend, but also whether short-term momentum is accelerating, weakening, or transitioning relative to the broader GMMA structure.
Main Features
* Fast GMMA using 3, 5, 8, 10, 12, and 15-period EMAs
* Slow GMMA using 30, 35, 40, 45, 50, and 60-period EMAs
* ATR-normalized slope analysis
* Fast-GMMA phase detection
* Trendiness-based dynamic transparency
* Optional Ichimoku Cloud with bullish and bearish coloring
* Configurable cloud boundary lines
* Optional phase background
* Alert conditions for acceleration and exhaustion transitions
Fast GMMA Phase Colors
The fast GMMA bundle changes color according to its average slope and the relative movement of its component EMAs.
* Green: Bullish movement or bullish acceleration
* Light gray: Possible momentum exhaustion or an early loss of directional strength
* Medium gray: Bearish or weak directional movement
* Dark gray: Bearish acceleration
The phase calculation compares the ATR-normalized slopes of adjacent fast EMAs. This helps identify changes within the fast bundle before they become obvious from price alone.
Slow GMMA Colors
The slow GMMA provides the broader trend structure.
* Red: The fast GMMA mean is above the slow GMMA mean
* Dark gray: The fast GMMA mean is below the slow GMMA mean
* Medium gray: No clear separation between the two bundles
The slow bundle therefore acts as a structural trend reference, while the fast bundle highlights shorter-term changes in momentum.
Adaptive Transparency
The opacity of the GMMA lines and fills is adjusted using a trendiness measure derived from the Choppiness Index.
* Stronger, more directional trends are displayed more clearly.
* Choppy or range-bound conditions are displayed with greater transparency.
This makes prominent trends visually stand out while reducing emphasis during less directional market conditions.
Ichimoku Cloud
The indicator can optionally display only the Ichimoku Cloud, without the Conversion Line, Base Line, or Lagging Span.
* Green cloud: Senkou Span A is above Senkou Span B
* Red cloud: Senkou Span A is below Senkou Span B
* Green boundary: Senkou Span A
* Red boundary: Senkou Span B
The default Ichimoku settings are 9, 26, 52, with a 26-period forward displacement. All settings and cloud colors can be customized.
The cloud provides an additional view of longer-term market structure, while the GMMA phase colors focus on current trend direction and momentum development.
Suggested Interpretation
The indicator is intended as a visual framework rather than a standalone entry or exit system.
For example:
* A green fast bundle above the slow bundle may indicate bullish continuation.
* A light-gray fast bundle during an established uptrend may indicate weakening momentum.
* A dark-gray fast bundle may indicate increasing bearish pressure.
* Agreement between the GMMA structure and Ichimoku Cloud may indicate stronger directional alignment.
* Conflicting GMMA and cloud conditions may indicate a transition or consolidation phase.
Signals should be evaluated together with price action, support and resistance, timeframe context, and appropriate risk management.
Alerts
Alert conditions are included for:
* Bullish acceleration
* Bullish exhaustion
* Bearish acceleration
* Bearish exhaustion
These alerts trigger when a new phase state begins.
Notes
ATR normalization makes the slope calculation more comparable across instruments and volatility environments. However, the interpretation may still vary depending on the asset and timeframe.
This indicator does not predict future price movement and should not be used as the sole basis for trading decisions.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.