Utilization of "Visualization Indicators" (Part 175) - Utilization of the 8CP Visualization Indicator - Navi+ - GogoJungle | Auto Trading - Market Analysis

"Visualization indicator" usage (part175)

1. Further develop the "28 currency pair list indicator" into an indicator

"8CPVisualization Indicator"for chart

The "8CPVisualization Indicator" includesOceania version,London version,NewYork version,AnyCP version. This time, we used theLondon edition.

The top half is theUSDJPY 15-minute chart. The bottom half is from the “8CP Visualization Indicator”; the green thick line chart corresponds toUSDJPY.

With the indicator, sell when USDJPY breaks down from a series of charts, and close when it reverses at a bottom. On Tuesday and Friday, the first move was about, the second about, totaling about profit.

A red horizontal line is drawn on the USDJPY chart. This line acts as a support/resistance line. The portion circled in white has been touched four times. The line rebounded three times, and after the fourth touch it broke down, entering a downtrend with accelerated decline.

If you useTrendLine-EX, you can automate entry and exit when the trendline is broken diagonally. You can just leave it as is for easy trading. “TrendLine-EX is a semi-automatic EA that sells automatically on break below the trendline and closes automatically on break above it.

2. Best Select Try the Indicator

The figure below is a screenshot dated2024 year11 month29 day08:40 (JST)

[Total] The numbers are sorted in descending order. The USDJPY at the bottom is red across all timeframes except the daily chart.Total value is2759.51, a large negative figure. This indicates a downward trend for USDJPY.USDJPY is in a downtrend.

Now, look at the USDJPY chart.

The red arrow marks the screenshot location. It captures a rapid drop in the middle of the downtrend.

The "28 Currency Pair Best Select Indicator" enables quick identification of which currency among 28 pairs is currently showing the strongest trend. It also indicates whether you should trade now with numerical and color cues. It provides an at-a-glance assessment of all currency pairs.

"28 Currency Pair Best Select Indicator"

https://www.gogojungle.co.jp/tools/indicators/35128

3. 2021 year5 month onward the EURJPY movement?

From 2021 year5 month, EURJPY

To see the overall trend, a 30-minute chart covering roughly the last minutes is drawn for about the last weeks.

Last time, I wrote as follows.

In the currency strength chart, the weakest currency was, which turned upward, while the strongest moved downward. By looking at the vector in the currency strength chart, EURJPY is expected to rise.

Monday showed an upward trend. Afterward, the trend was pushed down by the stronger yen and declined continues.

This is the 30-minute currency strength chart.

Pink is, green is. Currently, the strongest currency is, and the tendency remains unchanged. The arrows point higher for than for. Therefore, it is expected that EURJPY will continue to fall.

4. New "Swaptarget"（ version・ version） update

　" target is a type of EA that buys entries only when there is a trend, aiming to gain both currency gains and Swap profits.
" target is designed so that even traders with small capital can efficiently grow their funds. It opens only one buy position. The risk (loss ratio) can be adjusted by the user, so conservative traders can keep risks low, while traders seeking higher returns can expect corresponding gains. Depending on settings, it can become a "billion-yen EA."

version has not started trading yet, so it is under review.

version has been steadily accumulating profits, but has fallen into a drawdown and is currently negative. Now is a time of patient endurance.

　" target" advantages image.

Note: the "SwapEA version is currently under review at Gogojungle.
MT4 version: link https://www.gogojungle.co.jp/systemtrade/fx/54473

　MT5 version: link

　

5. Utilizing the "Tore-tore Indicator"
I upgraded the “Tore-tore Indicator.” Added alert functions 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 many contexts. The following are application examples of the “Tore-tore Indicator.” The currency pair isUSDJPY and the chart is15 minutes.

The main line color of the “Tore-tore Indicator” is almost entirely red. It is a market where only selling should be considered. Even within that, selling should be limited to the portion circled in white in the diagram above. It is near the baseline and shows a V-shaped rebound. If the “Tore-tore Indicator” continues to rise, hold the position. If, at a high position, the baseline color changes from red to pink, close the position.

The beam extending to the right is downward. Also, the peak height of the main line’s waveform gradually becomes lower. Therefore, the downward momentum is weakening, and this can be used to decide to wait until a clear downtrend is shown.

6. Recommended Indicators

"Tore-tore Indicator"

https://www.gogojungle.co.jp/tools/indicators/50115

""

https://www.gogojungle.co.jp/tools/indicators/42257

" currency strength visualization indicator" please refer to the page below.

MT4 version https://www.gogojungle.co.jp/tools/indicators/39150

MT5 version https://www.gogojungle.co.jp/tools/indicators/39159

【My listed products】

https://www.gogojungle.co.jp/users/140198/products