Utilization of "Visualization Indicators" (Part 60)
Utilization of the "Visualization Indicator" (its60th
1. Further evolving the "28 Currency Pairs List Indicator" into an indicator
“8CP Visualization Indicator”to plotNZDUSD.
The “8CP Visualization Indicator” includesOceania version,London version,NewYork version,AnyCP version. This time, we used theOceania version.
The upper half is theNZDUSD 15-minute chart. The red arrows at the top indicate the alert positions of the “28 Currency Pairs List Indicator”. The lower half is the “8CP Visualization Indicator”. The turquoise thick line graph corresponds toNZDUSD
On Tuesday, the graph for the NZDUSD in the “8CP Visualization Indicator” slipped below the other graphs. If a short position had been opened here and closed over the weekend,approximately70 pips profit would have been earned. Also, the “28 Currency Pairs List Indicator” shows alert signs at almost the same position.
2. Best SelectTry the indicator
The figure below is a screenshot taken atSeptember,13,2022, 22:00.
Sorting by numeric value in descending order. The top row showsUSDJPY,[M5],[M15],[M30],[H1],[H4],[Total] is in light blue. TheD1 is purple, andTotal shows a value of6812.70, indicating a strong uptrend forUSDJPY.
Now, let's look at the USDJPY chart.
The upward red arrow marks the position when the screenshot was taken. At the red arrow, the rate spikes sharply due to the U.S. CPI release.
3. Since May last year, what happened with EURJPY?
Since May,2021,we have been tracking EURJPY's movement.
To see the overall trend, we have drawn about30 minutes of the near three weeks of data.
Previously, I wrote the following.
EURis located aboveJPY, but the downward angle is steeper thanJPY. The future trend suggests thatEURJPY will tend slightly downward.
As predicted by the currency strength graph, it has fallen slightly.
4
Pink isEUR, green isJPY. The weakest isJPY, but it is turning slightly upward. MeanwhileEUR remains aboveJPY, with a slight upward tilt. Since the upward angle isJPY>EUR, the future trend suggestsEURJPY will tend slightly downward.
For those interested in the “8C currency strength visualization indicator, please refer to the following page.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
【My listed products】
