Utilization of the "Visualization Indicator" (Part 95)
Utilization of the “Visualization Indicator” (its95)
1. Further evolve the “28 Currency Pair List Indicator” into an indicator
“8CPVisualization Indicator”forUSDJPYcharting
The “8CPVisualization Indicator” includesOceaniaversion,NewYorkversion,AnyCPversion. This time, theLondonversion was used.
The upper half is theUSDJPY15-minute chart. The arrows in the upper half indicate the alert positions of the28Currency Pair List Indicator. The lower half is from the “8CPVisualization Indicator”. The green bold-line graph corresponds toUSDJPY.
On Tuesday, USDJPY rose above other chart groups, so I opened a buy entry and closed on Thursday.Profit was about250pips..
2. Best SelectTry the indicator
The image below is a screenshot taken on2023 year5 month18 day16:50（JST）
The currencies are displayed in name order from the bottom. The fifth row from the bottom shows5lineNZDJPY where all timeframes display numbers in blue. The Total value is3052.08, a large positive value, indicating a strong uptrend forNZDJPY.
The red arrows indicate the positions where the screenshot was captured. Overall, the chart shows a rising trend with a generally upward slope, so buying at various points would be profitable. The blue alignment across all timeframes indicates a clean uptrend on all timeframes. The “28 Currency PairsBest Select Indicator shows which currency has the strongest trend among the 28 currencies and provides guidance on whether to trade or not. This reinforces that trend-following is a core principle of investing.
“28 Currency PairsBest Select Indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. Since May of the year before last, what happened with EURJPY, which I have been trackingEUR-JPY.
2021 year5 monthEURJPY movement tracking.
To view the overall trend, I have drawn about30 minutes of the most recent3 weeks.
Previously, I wrote the following.
EUR and are both rising, butJPY has a steeper angle than EUR, soEURJPY tends to move down somewhat. However, since the support line for the lower price is nearby, the downward move is likely limited.
It has risen without dropping.
4Timeframe currency strength chart.
Pink isEUR, green isJPY andJPY are mostly flat. In terms of currency strength,EUR is stronger,JPY is weaker, but ifJPY rises in the future,EURJPY is expected to trend slightly downward.
