The Use of "Visualization Indicators" (Part 83)
“Visualization Indicator” utilization (part83）
1. Further evolve the “28 Currency Pair List Indicator” into an indicator
“8CP Visualization Indicator”to plotGBPJPY.
The “8CP Visualization Indicator” includesOceania version,London version,NewYork version,AnyCP version. This time, we used theLondon version.
The upper half is theGBPJPY's15-minute chart. The arrows in the upper half indicate the alert positions of the “28 Currency Pair List Indicator”. The lower half is from the “8CP Visualization Indicator.” The orange thick-line graph corresponds toGBPJPY.
I entered a long on Monday and closed on Tuesday when the Visualization Indicator graph peaked.About230pips of profit was obtained.
2. Best SelectTry the indicator
The figure below is a screenshot fromFebruary 28, 2023 at 18:05 (JST).
[Total]Sort in descending order by value. The top row’sGBPJPY shows all numbers in blue tones, and theTotal value is4451.18, a large figure. It indicates an uptrend in
Now, let's look at theGBPJPY chart.
The red arrows indicate the points where the screenshot was taken. The uptrend is continuing, and it captures the point where it rises at a steeper angle. Buying here would clearly be profitable.
The essence of trading lies in “only trade at points where profits are likely,” and it is crucial to strictly avoid trading at other times.
3. What happened since May two years ago with EURJPY, which has been tracked5 months ago?
Since May year 5, we have been tracking EURJPY.
To see the overall trend, we have drawn about30 minutes of the most recent about3 weeks.
Previously, I wrote the following.
Regarding future movement,JPY tends to weaken,EUR tends to edge up, soEURJPY is expected to trend slightly upward.
It has risen. Chart-wise, it appears to be forming a double top.
4Timeframe currency strength chart.
Pink showsEUR, green showsJPY. EUR is downward, is rising substantially. As a result, is predicted to move downward.
If you are interested in the “8C Currency Strength Visualization Indicator”, please refer to the following pages.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
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