Utilization of the "Visualization Indicator" (Part 32)
Utilization of the “Visualization Indicator” (its32)
1. Further develop the “28 Currency Pairs List Indicator” into an indicator
“8 CP Visualization Indicator”CADJPY drawingwithCADJPY drawn
The “8 CP Visualization Indicator” has versions for Oceania,,New York,AnyCP editions. This time, we used theNew York edition.
The upper half is theCADJPY 15-minute chart.
The blue arrows indicate the alert positions from the “28 Currency Pairs List Indicator.”
The lower half is the “8 CP Visualization Indicator.” The light blue graph corresponds toCADJPY.
For both the “28 Currency Pairs List Indicator” and the “8 CP Visualization Indicator,” a buy entry point appeared on. If you had bought here, you would have earned roughly10 0PIPS of profit.
2. Best SelectTry the Indicator
3Month1day11:48 of the screen displayed with the “Best Select” indicator.
TotalSort by values.[M5][M15][M30][H1][D1][Total] are all red. Currently, EURAUD is in a downtrend, and choosing to trade short would be quickly profitable.
Now, let’s look at the EURAUD chart.EURAUD chart shows a
15-minute timeframe.
The arrows indicate the Best Select indicator’s display positions.
The chart shows a very clean downtrend. Wherever you enter short, you’ll quickly be in profit, making this a very favorable market for selling.
Which currency pair to choose, whether the entry direction should be sell or buy, and where the best entry point is, the “Best Select” indicator tells you.
3Month1 day3Month44day to600PIPS or more profit.
3. From last year5month, what happened withEURJPY?
Year5month,EURJPY movement tracked.
To see the overall trend, we have drawn around three weeks on a 30-minute chart.
Previously, I wrote the following.
Because it has not yet fallen to the daily support line, it may drop again in the future.
As expected, it dropped again. It easily broke the retracement support line. Forming an inverted N-shape and dropping sharply, it may trade in a range for a while.
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