Usage of the "Visualization Indicator" (Part 117)
Utilization of the “Visualization Indicator” (part117)
1. indicates a strong upward trend. Further evolve the “28 Currency Pairs List Indicator” into an indicator
“8CPVisualization Indicator”to drawAUDCHF.
The “8 CP Visualization Indicator” includesOceania version,LondonNewYork版、AnyCP version. This time, we used theOceania version.
The upper half is the 15-minute chart ofAUDCHF. The lower half is from the “8 CP Visualization Indicator.” The red-purple thick line graph corresponds toAUDCHF.
On Monday morning, if you buyAUDCHF and close on Tuesday, you could gainabout54pips profit.This is a method that targets currency pairs with large deviations on the “8 CP Visualization Indicator” and bets on their convergence. On the right scale, after retreating below around −100
2. Best SelectTry the Indicator
The following figure is a screenshot taken on2023 year10月17日18:39 (JST)
Sort the numbers in descending order. The topmost row,EURNZD shows blueish color across all timeframes, and value is2078.76, a large positive number.
Now, let's look at the chart ofEURNZD.
The red arrows mark where the screenshot was taken. It captures the mid-point of a clean uptrend with a sharp rise. If you bought here and held until the weekend, you could have earnedapproximately profit.
The “28 Currency Pairs Best Select Indicator allows quick identification of which currency pair among 28 is showing the strongest trend. It also indicates, with numbers and colors, whether you should trade now. It enables a quick overall assessment of all currency pairs at a glance.
“28 Currency Pairs Best Select Indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. What happened to EURJPY since May of the year before last?
year5月May EURJPY to
To see the overall trend, a 30-minute chart covering about the last 3 weeks is drawn.
Last time I wrote the following.
EUR is slightly downward from a horizontal level,JPY has turned upward. This can be read as a lack of clear direction. Going forward,EURJPY is expected to move in a range.
Somehow it seems it will break out of the range upward.
4Timeframe currency strength chart.
Pink isEUR, green isJPY.EURJPY is horizontal. Therefore, going forwardEURJPY should rise.
4. Search for tops and bottoms across all currency pairs, and build a trend strategy (new targets)
Previously, the strategy to buyUSDCHF brought large profits, so we will look for the next new target. As usual, we use2505「Heaven and Earth SearchIndicator」.
According to the “Heaven and Earth Search Indicator,” currencies at the top includeCHFJPY,USDJPY as high-level currencies, and at the bottom,NZDCHF, can be chosen as low-level currencies.AUDCHF
The top-range currencies are the same as last week, but the bottom-range currencies are,. In particular, the bottom-most row, shows red or orange coloring with all numbers in single digits. Now, let's look at the daily chart of.
＜Bottom-range currency pair＞
NZDCHF has been in a consistent downtrend and has recently slightly breached new lows. It is in a bottom breakout state.
15minutes chart as well.
For reassurance, refer to the daily currency strength chart.
and are inversely correlated. Looking at the daily currency strength chart, is rising, is falling, so, thus is expected to continue falling. deviation will widen before converging, so the rebound of CHFNZD will take more time (likely around mid-November, based on chart waves).
With a semi-automaticEA, if you have theTrend Line EX, you can draw a slanted descending line and, when it is broken to the upside, automatically buy, and when the rising line is breached, automatically close the position for a passive 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 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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