Utilization of the "Visualization Indicator" (No. 164)
Utilization of the “Visualization Indicator” (Part164)
1. Further evolve the “28 Currency Pair List Indicator” into an enhanced visualization indicator
“8CPVisualization Indicator” to draw CADJPY on the chart
The “8CPVisualization Indicator” includesOceania版,版,版があります。今回は、版を使いました。
The top half is the 15-minute CADJPY chart. The bottom half is the chart based on the “8CPVisualization Indicator.” The light blue thick line corresponds toCADJPY.
Areas where the zero line is broken with a steep angle or where it breaks below other chart groups are entry points for selling.2 times of short entries yielded about250pips in profit.
If you use “TrendLine-EX, you can automate entries and exits when diagonally breaking trendlines. You can just leave it as is, enabling easy trading. “TrendLine-EX is a semi-automatic EA that sells automatically when the trendline is broken downward and automatically closes when it’s broken upward.
2. Best Select Try the indicator
The figure below is a screenshot taken on2024 year 11
[Total]is sorted in descending numerical order. The lowest line’sNZDJPY shows red across all timeframes. Moreover, the Total value -1995.21, a large negative figure.NZDJPY indicates a downtrend.
Now, let’s look at the NZDJPY chart.
The red arrow marks a point where the screenshot was taken. It captures a point where the chart is dropping sharply.
“28 currency pairsBest Select can easily identify which currency among the 28 pairs is showing the strongest trend. It also tells you, with numbers and colors, whether you should trade now. It’s an excellent indicator for judging all currency pairs at a glance.
“28 currency pairsBest Select indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 year5 monthからの追跡EURJPYの動向はどうなった?
Since 2021 May
To view the overall trend, a 30-minute chart covering roughly the last3 weeks is drawn.
Previously I wrote the following:
EUR is almost horizontal, whileJPY is strongly rising. As a result, the futureEURJPY is expected to fall further.
As expected, it has declined further.
A 30-minute currency strength chart shows...
Pink indicatesEUR, and green indicatesJPY. is horizontal to slightly downward, is almost horizontal, showing no clear direction. Going forward,EURJPY is expected to move in a range.
4. NewEA “AI Single-StrikeEURJPY) has been released for sale.
“AI Single-StrikeEURJPY” usesAI to analyze the market, and is a “hundred-billion-yen EA” developed with 90%. It targets only high-volatility moments without averaging down or martingale, catching profits from the broad market like a single-line fishing.
In the most recent forward test, drawdown has increased.MT5 version shows\
187,594, MT4 version shows\ 281,747
ThisEA is not performing, so I am developing another logic EA.
5.
Behind the scenes
“Tore-tore Indicator” has been upgraded. Added alert functionality and arrow display. Also added several usage examples. For details, please see the product page.
The “Tore-tore Indicator” is a versatile indicator that can be used in various places.CADJPY on the 15-minute chart has been introduced.
The bottom half is the “Tore-tore Indicator.” The CADJPY 15-minute chart shows a downward trend with a descending right shoulder. In the Tore-tore Indicator, the main line is mostly red, and blue hardly appears on the main line. By waiting for the main line to approach the zero line and confirming a reversal, you can enter sells. The white ellipse marks an excellent retracement selling point. All but these two points are not traded; focus on those opportunities to utilize this indicator effectively.
6.
Recommended indicators
“Tore-tore Indicator”
https://www.gogojungle.co.jp/tools/indicators/50115
“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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