Utilization of "Visual Indicator" (Part 78)
Utilization of “Visualization Indicators” (part78)
1. Further develop the “28 Currency Pairs List Indicator” into an indicator
“8CPVisualization Indicator”to draw EURAUDEURAUD.
There are versions of the “8 CP Visualization Indicator”: Oceania, London, New York, and AnyCP. This time, the Oceania version was used.
The top half is the 15-minute chart ofEURAUD. The arrows in the top half indicate the alert positions of the “28 Currency Pairs List Indicator”. The bottom half is from the “8 CP Visualization Indicator”. The orange bold line graph corresponds toEURAUD.
We entered a sale on Monday and closed on Wednesday. We achieved approximately280 pips of profit.
2. Best SelectTry the Indicator
The figure below is a screenshot fromJanuary,2023,the 23rd at 09:10 (JST).
In the top row, everything except the [H4] forNZDUSD is shown in blue tones. The Total value is, indicating an upward trend forNZDUSD.
Now, let's look at the chart forNZDUSD.
It is midway on an uptrend line. There is some fluctuation, but buying on Monday and closing the next day yielded50 pips of profit.
If you have a semi-automaticEA, the “Trend Line EX” would allow you to capture most of the uptrend fromJanuary19 January24, increasing profit to about90 pips.
With the semi-automaticEA, the “Trend Line EX” would automatically enter on a trend line breakout and automatically exit on a trend line breach.
https://www.gogojungle.co.jp/tools/indicators/42257
3. What happened to EURJPY, followed since May of the year before last?
Since May,2021,EURJPY has been tracked.
To view the overall trend, a 30-minute chart covering roughly the last three weeks is drawn.
Last time I wrote the following.
JPY is downward,EUR is flat to slightly upward. As a result,EURJPY will rise.
On Monday it rose, but since then it has moved in a range.
4Refer to the currency strength chart on a 4-hour basis.
Pink isEUR, green isJPY.JPY is slightly downward, and the downward angle ofEUR relative toJPY is steeper. As a result, will decline.
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
【My listed products】
