Utilization of the "Visualization Indicator" (Part 62)
Utilization of the "Visualized Indicator" (Part62)
1. Further evolve the "28 Currency Pair List Indicator" into an indicator
"8 CP Visualized Indicator" for drawing EURGBP using EURGBP
There areOceania version,London version,NewYork version,AnyCP version. This time, we used theLondon version.
In the previous article, "Utilization of the Visualized Indicator" (Part61).
This chart
The top half is the EURGBP 15-minute chart. The light blue arrows on the top half indicate the alert positions of the "28 Currency Pair List Indicator." The bottom half is the "8 CP Visualized Indicator." The light blue line corresponds to EURGBP.
If a previously opened buy position is carried over to the next week without being settled at the weekend, it would result in about450 pips of profit at Monday’s settlement.
2. Best SelectTry using the indicator
The figure below is a screenshot taken on2022 year9 month27 day01:07.
TotalThe numbers are sorted in descending order. On the top row,USDCAD is[M5],
[M15],[M30],[H1],[H4]," D1 all appear in light blue. value is and is large. shows a strong uptrend.
Now, let’s look at the USDCAD chart.
The upward red arrows indicate positions where a screenshot was taken. The red arrow location is during an ongoing rising trend, capturing a sharp move.
3. Since last year, what happened with the EURJPY movement that I have been tracking since May ?
From May 2021 May I have been tracking EURJPY.
To see the overall trend, a 30-minute chart covering approximately the last3 weeks is drawn.
Last time I wrote the following.
EURJPY is, for the time being, bearish, but if the yen weakens, it would turn upward.
It temporarily fell due to Japanese currency intervention, but as the yen weakened again, EURJPY rose.
Refer to the currency strength chart by timeframe.
Pink represents EUR, green represents JPY. Following intervention, briefly moved toward being a strong currency, but could not resist the downward trend, and now it is slightly upward but basically sideways. Meanwhile is moving upward. As a result, is expected to move higher.
If you are 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
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