Utilization of "Visualization Indicators" (Part 111)
Usage of the "visualization indicator" (part111)
1. Further evolving the "28 currency pairs list indicator" into an indicator
“8CPVisualization Indicator”to drawAUDUSD.
The “8CPVisualization Indicator” includesOceania version,London version,NewYork version,AnyCP version. This time, the Oceania version was used.
The top half is a 15-minute chart ofAUDUSD. The bottom half is from the “8CPVisualization Indicator.” A light blue bold line in the graph corresponds toAUDUSD.
On Tuesday,AUDUSD penetrated below the other chart groups, so I entered a sell. The graph bottomed and reversed that night, so I closed the position.Profit of about95 pipswas obtained.
2. Best SelectTry the indicator
The figure below is a screenshot taken on2023 year9 month7 day00:07 (JST) .
TotalThe numbers are sorted in descending order. The bottom-most line,GBPUSD shows red across all timeframes, andTotal-2872.88, a large negative number.GBPUSD indicates a strong downward trend.
Now, let’s look at theGBPUSD chart.
The red arrows mark the screenshot point. It is in the middle of a downward trend with a right-shoulder decline.
The “28 currency pairs Best Select indicator makes it easy to identify which currency among 28 pairs is showing the strongest trend. It also tells you whether you should trade now, using numbers and colors. It allows you to judge the movements of all currency pairs at a glance.
“28 currency pairs Best Select
https://www.gogojungle.co.jp/tools/indicators/35128
3. What happened to EURJPY, which I have been following since May of the year before last?
Since May, 2021, EURJPY has been tracked.
To observe the overall trend, I have drawn about30 minutes for roughly the last3 weeks.
Last time I wrote as follows.
is moving downward,is moving upward.is expected to move downward.
The upper side is heavy.
4Time-frame currency strength chart.
Pink indicatesEUR, green indicatesJPY. slightly leans downward,JPY also slightly downward. EUR is somewhat stronger than JPY, but there is almost no clear direction. It is expected to remain in a range for a while.
4. From all currency pairs, search for the bottom and build a trend strategy (target: USDCHF)USDCHF.
2505“Bottom Search indicator” was used to identify the next target currency pair asUSDCHF.
chart.
USDCHF is in a “rebound from the bottom” phase, so I draw a descending line as steps ①–⑤ and buy when it breaks above, repeating entries. I currently hold a long position.
This is simply a repeat of a “simple and easy-to-understand trading” method. The current rate is0.89252. On a daily chart, I expect a rebound up to around0.8980Trend Line EX” you can let it run completely passively.
If you have “Trend Line EX”, you can draw a slanted downward line, and when it breaks above, automatically buy, and when it breaks above a rising line, automatically close—an autopilot style trade.
※“Trend Line EX”
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 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
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