Utilization of “visualization indicators” (Part 70)
Usage of the "Visualization Indicator" (its70)
1. Further develop the "28 Currency Pairs List Indicator" into an advanced indicator
“8CP Visualization Indicator”to draw NZDUSDNZDUSD
The “8CP Visualization Indicator” includesOceaniaLondon version,NewYork version,AnyCP version. This time, we used theOceania version.
The upper half is a 15-minute chart ofNZDUSD; the lower half is the “8CP Visualization Indicator.” The light blue bold line graph corresponds toNZDDUSD.
From Tuesday to Thursday, holding a long position,about110pips of profit was achieved. The “Visualization Indicator”’sNZDUSD graph exceeded the threshold and broke above the other graphs, so we entered a buy. We exit when the graph falls. This way, you can capture the tastiest part of the uptrend line. This is a practical application of the market adage “give away the head and the tail.”
2. Best SelectTry the indicator
The figure below is a screenshot fromNovember,26,2022.
Totalvalues are sorted in descending order, but the numbers’ colors do not match across all currency pairs. Last week there were no alerts.
3. Since last year, how has EURJPY movedMay,EURJPY
FromMay,2021, EURJPY
To view the overall trend, we have drawn roughly the last30 minutes of the past about3 weeks on a 30-minute chart.
Previously, we wrote the following.
In terms of currency strength, the strength ofEUR andJPY is almost the same, and the direction is thatEUR tends to move down,JPY also moves down, butEUR shows a slightly stronger downward tendency.
EURJPY is considered to move slightly upward more often.
In the first half of the week it trended up, but in the latter half it fell.
4Refer to the currency strength chart on a 4-hour chart.
Pink isEUR, green isJPY. In terms of currency strength,EUR andJPY have almost the same strength, and the direction isEUR slightly downward,JPY is almost horizontal.
is expected to move somewhat downward.
4. A new indicator has been completed!
We have created a completely new type of indicator.
Its name is the “Daily Chart Top and Bottom Grab-it Indicator.”
It is a daily-chart type indicator that, as the name suggests, aims to seize the market’s moves thoroughly. It can capture hundreds to thousands of pips.
The following is an illustrative example.
Screen showing the indicator installed
The features of the indicator include,
(1) Beam display function
(2) Parameter automatic optimization function
(3) Backtest pip display function
and more.
If you are interested, please refer to the following link.
https://www.gogojungle.co.jp/tools/indicators/41351
If you are interested in the “8C Currency Strength Visualization Indicator
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
【My items for sale】
