“Visualization Indicator” Usage (Part 63)
Usage of the "Visualization Indicator" (its63)
1. Advance and develop the "28 Currency Pairs List Indicator" into an indicator
"8CPVisualization Indicator"to drawGBPAUD.
The "8CPVisualization Indicator" has versions forOceania edition,London edition,NewYork edition,AnyCP edition. This time, we used theOceania edition.
The upper half is a 15-minute chart ofGBPAUD. The light blue arrows in the upper half indicate the alert positions of the "28 Currency Pairs List Indicator". The lower half is the "8Visualization Indicator". The orange graph corresponds toGBPAUD.
We opened a buy position on Tuesday, and it settled the same day forabout300 pips in profit.
2. Best SelectTry the indicator
This week there were no alerts. The figure below is a screenshot at the end of the week.
Totalnumbers are sorted in descending order, but no currency pair reached the alert condition. As for the overall trend,EURNZD generally rose,NZDUSD fell. In terms of currency strength,NZD appears to be weakening.
Now, let's look at the currency strength chart.
As expected,NZD is the weakest and is moving downward.USD is the strongest and moving upward, soNZDUSD is logically expected to decline.
3. Since last year5month, what happened withEURJPY
From May 2021, we have been tracking the movement of EURJPY.
To see the overall trend, we draw about the most recent3 weeks on a 30-minute chart.
Last time I wrote the following.
On the other hand,EUR is moving upward. As a result,EURJPY is expected to rise.
In the first half of the week it rose as expected. After that it declined and returned to the same level at the beginning of the week.
4Refer to the currency strength chart on the H4 timeframe.
Pink representsEUR, green representsJPY. In the latter half of the week,EUR trended downward andJPY rose. If this continues,EURJPY is expected to move downward.
If you are interested in the "8C Currency Strength Visualization Indicator", please refer to the page below.
MT4edition https://www.gogojungle.co.jp/tools/indicators/39150
MT5edition https://www.gogojungle.co.jp/tools/indicators/39159
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