Utilization of “Visualization Indicators” (Part 45)
Use of "Visualization Indicator" (its45)
1. Further evolve the "28 Currency Pair List Indicator" into an indicator
“8CPVisualization Indicator”to drawAUDJPY.
The “8CPVisualization Indicator” includesOceania version,London version,NewYork version,AnyCP version. This time, we used theOceania version.
The upper half is theAUDJPY 15-minute chart. The arrow marks the spot where a screenshot was taken for the “28CP Best Select indicator.” The lower half is the “8CP Visualization Indicator.” The green bold line graph corresponds toAUDJPY.
AUDJPY chart has been rising steadily to the right, so buying at any point would be profitable. Following the “8CP Visualization Indicator,” if you opened a long position on Monday and closed on the weekend, you would have earned300PIPS
AUDJPY has been rising almost straight upward since May 26,5, and it seems the momentum is slowing and topping out. If it drops in the future, I plan to look for selling opportunities and wait.
2. Try the Best Select Indicator.
I have test-operated by changing the alert threshold of the “28CP Best Select indicator to2500The threshold results in1 week’s alerts appearing45 times.
The image below was copied on2022 year6 month1 day 20:22.
Total values are sorted in descending order.
In the topmost row,AUDJPY shows all numbers in light blue, indicating a strong upward trend.28 currency pairs have AUDJPY at the top,AUDJPY from[M5] to[D1] timeframe, showing the strongest upward momentum, so buying AUDJPY is the only option now.
3. What happened to EURJPY, which I have been watching since last May?
Since May year, 5, I have tracked EURJPY.
To view the overall trend, I have drawn about30 minutes of the most recent3 weeks.
Last time I wrote the following.
It broke upward from a triangular consolidation. In the tug-of-war between buyers and sellers, the buyers were stronger. Let’s keep an upward bias for a while.
It continues to rise rapidly. It is rising at a steeper angle than the lower line drawn from the triangle, and it seems likely to continue rising for now.
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