Utilization of "Visualization Indicators" (Part 42)
Usage of the "Visualization Indicator" (its42)
1. To further evolve the "28 Currency Pairs List Indicator" and develop an indicator
“8 CP Visualization Indicator”forto plot
“8 CP Visualization Indicator” includesOceania版,London版,NewYork版,AnyCP版. This time, we used theOceania版.
The upper half is theAUDJPY 15-minute chart. The red arrows indicate the alert positions of the "28 Currency Pairs List Indicator". The lower half is the “8 CP Visualization Indicator”. The green thick-line graph corresponds toAUDJPY.
The sell alert for the "28 Currency Pairs List Indicator" was completely late. On the other hand, the sell entry point of the “8 CP Visualization Indicator” appeared on Wednesday. If you had soldAUDJPYhere,about300PIPSprofitwould have been obtained.
2. Best SelectTry the indicator
5Month10Day00:30(JST)28CP Best Selectindicator.
In [Total],it is sorted in descending order. The bottom lineAUDJPYis, excluding[M5][M15][M30][H1][H4][Total]numbers shown in red. Moreover, since thevalue is-6313.10, this indicates a sharp downward trend. Meanwhile, the topmost rowEURAUDis,[D1]excluded,[M5][M15][M30][H1][H4][Total]numbers are shown in light blue.value is+4812.32, indicating thatEURAUD
Therefore, sellingAUDJPY and buyingshould yield profit.
Now, let's look at each chart.
15-minute chart
15-minute chart
The “28CP Best SelectIndicator
3. What happened to EURJPY, tracked since last May
Since May,2021year,EURJPY
To view the overall trend, a ~3 weeks worth of the most recent 30-minute charts are drawn.
Last time I wrote the following:
It seems to be moving slightly upward, but the slope of SMA200 is near flat and there is no clear direction, so it is unclear which way it will go next.
Thursday it dropped sharply. The high from last October acts as resistance and is rebounding, so it will require energy to break below this resistance band.
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