Utilization of the "Visualization Indicator" (Part 93)
Usage of the "Visualization Indicator" (part93)
1. Further advanced development of the "28 Currency Pairs List Indicator" and indicators
“8CPVisualization Indicator”to draw.
There are versions of the “8CPVisualization Indicator”Oceaniaedition,Londonedition,NewYorkedition,AnyCPedition. This time, the Oceania edition was used.
The upper half is the 15-minute chart forNZDUSD. The arrows at the top indicate the alert positions of the “28 Currency Pairs List Indicator.” The lower half is from the “8CP Visualization Indicator.” The graph in light blue bold line corresponds toNZDUSD.
On Thursday, NZDUSD broke above other chart groups, so a buy entry was made and closed for the day.Profit of about55pips.It resulted in a profit.
2. Best SelectTry the Indicator
The following figure is a screenshot taken onMay,2023,4,20:36（JST）
Totalvalues are sorted in descending order. The top row’sNZDCAD shows blue coloring for all timeframes.value is3284.28, a large positive figure. indicates a strong upward trend.
Now, let’s look at theNZDCAD chart.
The red arrows mark the capture point of the screenshot. It accurately captures the uptrend portion. The “28 Currency PairsBest Select Indicator” shows which currency among all 28 pairs has the strongest trend. If you enter a buy position following the trend, you can make a profit.
“28 Currency PairsBest Select Indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. As tracked since last yearMay,EURJPY, what happened to its move?
Year5Month,EURJPY
To see the overall trend, a 30-minute chart covering the most recent about3 weeks is drawn.
Last time, I wrote the following.
EUR andJPY both moved downward. angle is steeper than EUR’s, so if this continues, is expected to move downward.
As predicted, it moved downward.
Pink isEUR, green isJPY. Both EUR and JPY are moving downward, but the downward angle ofEUR is steeper than that ofJPY. If this continues, EURJPY is expected to move slightly downward.
4. Find the peaks and troughs from all currency pairs and build a trend-following strategy (continued)
We are planning to trade by buyingAUDJPY at the bottom.
Last time,
the downward trend had already ended, and a rising trend with higher lows and higher highs had begun. In this situation, it would have been fine to buy on the breakout above the green diagonal line.
I wrote this.
4I will show the hourly chart.
3Month24day,the bottom was reached, and since then it has moved into a rising trend with higher lows and higher highs. In such market conditions, as shown on lines ① to ③ in green, draw a diagonal descending line and buy when price breaks above the line, enabling you to consistently profit from the market. A semi-automaticEA calledTrend Line EX can automate entry and profit-taking. Used well, it may enable profits in both directions of buy and sell.EA calledTrend Line EX can automate entry and profit-taking. Used well, it may enable profits in both directions of buy and sell.
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https://www.gogojungle.co.jp/tools/indicators/42257
If you are interested in the “8C Currency Strength Visualization Indicator,” please refer to the following page.
MT4 edition https://www.gogojungle.co.jp/tools/indicators/39150
edition https://www.gogojungle.co.jp/tools/indicators/39159
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