Utilization of the "Visual Indicator" (Part 67)
Using the "Visualization Indicator" (part67)
1. Further develop the "28 Currency Pairs List Indicator" into a more advanced indicator
“8 CP Visualization Indicator” for GBPUSD charting
“8CP Visualization Indicator” There are Oceania, London, NewYork, and AnyCP versions. This time, we used the version.
The upper half is the 15-minute chart of GBPUSD. The lower half is the “8 CP Visualization Indicator.” The yellow bold-line graph corresponds to.
In the early hours of Thursday, a short position was opened and closed the same day, earning about 220 pips in profit.
2. Best Select Try the indicator
The figure below is a screenshot taken at November 3, 2022 03:02 (JST).
The numbers are sorted in descending order. At the very top row, NZDUSD shows that all numbers in [M5][M15][M30][H1][H4][D1][Total] are light blue, and the Total value is 7829.60, indicating a dramatically high figure. This indicates an extreme uptrend at that time.
Now, let's look at the NZDUSD chart.
Due to the FOMC policy rate announcement at 3:00 JST on November 3, there was significant rate fluctuation, showing the effect of the announcement.
3. Since May last year, what happened with EURJPY?
Since May 2021, we have been tracking the movement of EURJPY.
To view the overall trend, a 30-minute chart covering roughly the last three weeks is drawn.
Last time, I wrote the following.
EUR appears horizontal to downward, is slightly downward. Comparing and, EUR shows a stronger downward tendency. As a result, is predicted to fall a bit, but currency interventions and other factors can greatly affect this, so it is uncertain.
As expected, it did decline. It turned upward on the weekend.
4Refer to the currency strength chart by time frame.
Pink is EUR, green is JPY. EUR is rising, is falling. As a result, is expected to rise.
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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