Utilization of the "Visualization Indicator" (Part 158)
Utilization of the "Visualization Indicator" (its158)
1. Further evolve the "28 Currency Pair List Indicator" into an indicator
“8CPVisualization Indicator”to drawAUDJPY.
The “8CPVisualization Indicator” includesOceania edition,London edition,NewYork edition,AnyCPAnyCP edition. This time, theOceania edition was used.
The top half is an AUDJPY 15-minute chart. The bottom half is from the “8CPVisualization Indicator”; the dark green thick line graph corresponds toAUDJPY.
On Tuesday, a chart for AUDJPY fell below other charts, so a short position was opened. It was closed at the bottom on Wednesday. About250pips of profit was earned. Furthermore, from Thursday to Friday an additional about300pips of profit was earned. In total550pips.
If you use the“, you can automate entries and settlements when diagonal trendlines are broken. You can leave it as is, enabling easy trading. TheTrendLine-EX is a semi-automatic EA that can automatically sell when the trendline is broken below and automatically settle when broken above.
2. Best SelectTry the indicator
The figure below is a screenshot taken on2024 year7 month30 day15:45
[Total]The numbers are sorted in descending order. The topmost row’sNZDJPY shows blue in all timeframes except [D1]. Moreover, theTotal value is2481.44, a large positive figure. This indicates an uptrend inNZDJPY.
Now, let’s look at theNZDJPY chart.
The red arrows indicate the captured screenshot. It captures a sharp rise of about90pips. Had you usedTrendLine-EX, this would have been profitable. Overall, the chart shows a downtrend, so chasing gains is not advised.
The28 currency pairBest Select indicator can easily identify which currencies among the 28 pairs are showing the strongest trend. It also indicates whether to trade now with numeric and color signals. It provides a quick overview of all currency pairs’ movements.
“28 currency pairsBest Select
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 year5 month to present EURJPY what happened? movement has been tracked.
Since 2021 year5 month EURJPY
To view the overall trend, a30 minute chart for the last approximately3 weeks is drawn.
Last time I wrote the following.
JPY is upward,EUR is horizontal. Therefore,EURJPY is expected to trend slightly downward..
As predicted, it declined.
A 30-minute currency strength chart.
Pink indicatesEUR, green indicatesJPY.JPY remains firmly upward,EUR is somewhat upward. Therefore,EURJPY is expected to continue downward.
4. NewEA“AISingle-StrikeEURJPY (MT4/MT5) has been released for sale.
“AISingle-StrikeEURJPY” usesAI to analyze the market,AI to develop 90% of it, a “billion-dollar EA.” It aims to capture profits from the market’s vast sea only during high volatility, without averaging down or martingale.
In the most recent forward test, it is still in drawdown.MT5 version shows\
29,874, MT4 version shows \ 65,855
5.
Recommended indicators
“TrendLine-EX”
https://www.gogojungle.co.jp/tools/indicators/42257
“8CCurrency 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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