Use of the "Visualization Indicator" (Part 161)
Visualization Indicator usage (part161)
1. Further evolve the “28 Currency Pair List Indicator” into an indicator
“8CP Visualization Indicator”to draw USDCHFUSDCHF.
There are versions of the “8CP Visualization Indicator”Oceania版,London版,NewYork版,AnyCP版があります。今回は、NewYork版を使いました。
The top half is USDCHF 15-minute chart. The bottom half is from the “8CP Visualization Indicator”; the pink bold line graph corresponds to USDCHF.
On Monday, USDCHF’s graph broke below the others, so I entered a short position. I closed at the bottom of the graph. About100pips of profit was earned.
If you use “TrendLine-EX, you can automate entries and exits when breaking diagonal trendlines. It enables easy trading by leaving it as is. “TrendLine-EX is a semi-automatic EA that sells automatically on a down break of the trendline and exits automatically on an up break.
2. Best SelectIndicator trial
The figure below is a screenshot taken on2024 year8 month22 day 21:50 (
[Total]is sorted in descending order. The top row’sGBPJPY shows blue color in all timeframes except [D1]. Also, the total value is2164.57, a large positive figure, indicating an uptrend in GBPJPY.
Now, let’s look at GBPJPY’s chart.
The red arrows mark where the screenshot was taken. Looking at the chart, last week’s GBPJPY showed significant volatility. If you had triggered TrendLine-EX, you could have earned substantial profits.
The “28 Currency Pairs Best Select Indicator allows you to easily identify which currency among 28 pairs is experiencing the strongest trend. It also tells you whether to trade now with numbers and colors. It provides a quick overview of all currency pairs’ movements.
“28 Currency Pairs Best Select Indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 year5 month onward trackingEURJPYEURJPY
2021 year5 month onward tracking
To see the overall trend, a 30-minute chart showing roughly the last3 weeks is drawn.
Last time I wrote the following.
JPYis rising,EURis slightly falling. Therefore,EURJPYis likely to slightly descend in the future.
As expected.
Indeed, judging market direction from currency strength is to grasp the essence of things.
30-minute currency strength chart.
Pink indicatesEUR, green indicatesJPY. JPY is rising; EUR is slightly falling. Therefore,
4. NewEA “AI single-hookEURJPY”(MT4/MT5) has been released for sale.
“AI single-hookEURJPY” usesAI for market analysis,AI has developed 90% into an “award-worthyEA”. It aims to catch profits from large market moves without averaging down or martingale, like a fishing hook pulling profits from the vast sea of the market.
In the most recent forward test, there was again a drawdown. MT5 version shows \
61,336, MT4 version shows \129,771 loss. Slightly disappointing, but considered within expectations, we will monitor future movements.
5.
Developer's Anecdote
We received a request from a user of the “Toretore Indicator.” They seem to be from overseas and wrote in English. When translated to Japanese by a translation tool, they asked to add an alert function. Therefore, we decided to add an alert feature in the next version update.
The challenge is how to implement it. One idea is to compute an average from past indicator data in advance, and then trigger an alert when the value falls below 10% (a provisional figure) and reverses upward. The alert would include entry and exit arrows, alert sounds, and alert emails, among other features.
I will announce once it is completed.
6.
Recommended indicators
“Toretore Indicator”
https://www.gogojungle.co.jp/tools/indicators/50115
“TrendLine-EX”
https://www.gogojungle.co.jp/tools/indicators/42257
“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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