Is that candlestick really strong? A look at the "bullish vs bearish" with the extreme eyes results…
Hello, this is Lucky.
Gokugyin (GOKY) is,
"Is this only for GOLD?"
We sometimes receive such questions.
To start with the conclusion,
It can be displayed and used with brands other than GOLD as well.
It supports all currencies.
Of course USD/JPY, GBP/JPY, EUR/JPY, and other currency pairs are possible as well, though we will omit details here.
And currently, I myself am testing while switching charts across various assets.
This time, what was interesting is this
Bitcoin (BTCUSD) and Nikkei 225.
Even beyond GOLD, you can see a "bias of power"
What Gokugyin is watching is,
It is not simply “rises because of GOLD” or “falls because of GOLD.”
What I am watching is,
the current BUY and SELL strength relationship at that moment.
And,
which side is starting to accumulate power?
This change.
So when you switch the chart to assets other than GOLD,
this becomes quite interesting.
Gokugyin even on Bitcoin
In this BTCUSD chart, in the area boxed in yellowoverheating of the riseis turning on
If you look at the price from there…
GUN!!
The price accelerates upward with high probability
Of course,
“A signal appeared = looking at the numbers, which side is stronger right now?”
You can immediately see which side is prevailing.
Before the candlesticks move greatly, you can see which side is prevailing
This is the key
As you observe this,
the way you read the chart changes compared to just staring at candlesticks
And even with Nikkei 225
Another chart for the Nikkei 225
Here,overheating of the declineis turning on
Looking afterward,
there is a large downward price range
You can visually confirm that selling power is biased to the downside.
This is what I wanted to do with Gokugyin
Not “it fell, so selling was strong,”
but
Right now, at this moment, what is the real-time BUY and SELL strength relationship?
Observe this on the chart
Even when you move beyond GOLD, this way of thinking does not change
From "GOLD-only" to expanding the frontier of testing
Gokugyin was originally,
an indicator developed and adjusted with a focus on GOLD (XAUUSD) 1-minute scalping
Therefore, at presentRecommended environment is GOLD and M1
This does not change.
However,
as in this case,
BTCUSD (Bitcoin)
JP225 (Nikkei 225)
FX currency pairs
Other assets that can be displayed on MT4
also, you can display Gokugyin itself and observe the “pressure changes.”
Gokugyin is,
not just an eye to forecast the future,
but an eye to observe the current “power change.”
For a little inside info,
in ranging markets, it tends to stay almost evenly matched,
but you can glimpses of bias in the numbers,
and that bias almost always leads to movement in that direction soon after.
Using this
will turn confidence into conviction
Thanks to this,
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