Utilization of the "Visualization Indicator" (Part 155)
Usage of the "Visualization Indicator" (part155)
1. Evolve the "28 Currency Pairs List Indicator" into an advanced indicator
“8CPVisualization Indicator”to plotUSDJPY.
There are versions of the “8 CP Visualization Indicator” for Oceania, London, New York, and AnyCP. This time, we used the London version.
The upper half is a 15-minute USDJPY chart. The lower half is from the “8 CP Visualization Indicator”; the graph in the green bold line corresponds to USDJPY.
graph is below the others when the selling point occurs. The drop was quite sharp, likely influenced by the U.S. Consumer Price Index release. Even if you had built a short position after the drop, by the weekend you could have gained about50 pips in profit.
If you use “TrendLine-EX”, you can automate entrys and exits by breaking diagonal trend lines. It can be left as is for easy trading. “TrendLine-EX” is a semi-automatic EA that sells automatically on a break below the trend line and closes automatically on a break above it.
2. Best SelectTry the Indicator
The image below is a screenshot fromJuly,10,11:41 (JST) time.
[Total]The numbers are arranged in descending order. In the topmost row,AUDNZD is blue across all timeframes. Moreover, theTotal value is 2038.83, indicating a positive number. This shows an uptrend in AUDNZD.AUDNZD is showing an upward trend.
Now, let's look at theAUDNZD chart.
The red arrows indicate where the screenshot was taken, capturing the rapid rise.
The “28 Currency Pairs Best Select Indicator lets you easily identify which currency among 28 pairs is currently showing the strongest trend. It also tells you, with numbers and colors, whether you should trade now. It’s an excellent indicator for assessing all currency pairs at a glance.
“28 Currency Pairs Best Select
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 Year5 month to present EURJPY movement?
Since 2021 year5 month,EURJPY has been tracked.
To view the overall trend, a 30-minute chart covering roughly the last3 weeks is drawn.
Previously, I wrote the following.
JPY is mildly upward,EUR is mildly downward. Therefore,EURJPY is expected to move slightly downward.
Monday showed a slight downward tilt.
30 minute currency strength chart.
Pink indicatesEUR, green indicatesJPY. JPY is rising, is roughly flat to slightly downward. Therefore, may trend slightly higher.
4. New EA “ Single-Pole Fishing EURJPY” (MT4/MT5) has been launched for sale.
The “AI Single-Pole Fishing EURJPY” uses AI to analyze the market, and a 90% of it was developed into a “billion-dollar EA.” Without averaging down or martingale, it targets high-volatility moments and aims to pull profits from the vast sea of the market, like a single-pole fishing.
In the most recent forward tests, the initial drawdown was high, but then it turned slightly positive, with MT5 version yielding \16,875 and MT4 version yielding \19,289 in profit. The future looks promising.
https://www.gogojungle.co.jp/systemtrade/fx/51292
https://www.gogojungle.co.jp/systemtrade/fx/51393
5.
Recommended Indicators
“TrendLine-EX”
https://www.gogojungle.co.jp/tools/indicators/42257
The “8C Currency Strength Visualization Indicator” is explained on the following page.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
version https://www.gogojungle.co.jp/tools/indicators/39159
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