Utilization of “Visualization Indicators” (Part 79)
Utilization of the “Visualization Indicator” (Part79)
1. Further evolve the “28 Currency Pair List Indicator” into a more advanced indicator
“8CPVisualization Indicator” to drawAUDUSD.
The “8CPVisualization Indicator” includesOceania version,LondonNewYork version,AnyCP version. This time, theOceania version was used.
The upper half is theAUDUSD 15-minute chart. The arrows on the upper half indicate the alert positions of the “28 Currency Pair List Indicator”. The lower half is from the “8CP Visualization Indicator.” The blue thin line graph corresponds toAUDUSD.
I entered a long position on Wednesday and closed when the Visualization Indicator’s graph began to flatten horizontally. I earned about40 pips in profit.
2. Best Select Try the indicator
The figure below is a screenshot taken onFebruary 2,2023 at 05:29(JST)
The two lower lines are in red tones.USDCHF,USDJPY show a downward trend.
It captures the steep drop on Wednesday. Since it has since risen, taking a short position here would have resulted in a stop-out.
3. What happened to EURJPY, which I have been tracking since last year5,May?
年5月からEURJPY has been tracked.
To view the overall trend,30-minute chart shows about3 weeks of data.
Previously, I wrote the following.
JPY is slightly downward,EUR is more steeply down relative toJPY. Consequently,EURJPY is expected to fall.
The direction of the moving average (MA200) is slightly downward. Last week showed a range-like movement.
4Refer to the currency strength chart on the time frame.
Pink indicatesEUR, green indicatesJPY.JPY is downward,EUR is upward.EURJPY will 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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