Utilization of the "Visualization Indicator" (Part 177)
“Visualization Indicator” utilization (that177)
1. further evolve the “28 Currency Pairs List Indicator” into an indicator
“8CPVisualization Indicator” forGBPJPY charting
The “8CPVisualization Indicator” includesOceania version,London version,NewYork version,AnyCP version. This time, we used theLondon version.
The upper half is aGBPJPY 15-minute chart. The lower half is from the “8CP Visualization Indicator”; the orange thick line graph corresponds toGBPJPY.
With the indicator, you buy when GBPJPY breaks upward from a series of graphs and close at the peak. Last week, this could be repeated three times. First gain about240 pips, second about100 pips, third about80 pips, totaling about420 pips in profit.
If you use “TrendLine-EX, you can automate entries and exits when a diagonal trend line is breached. You can just leave it as is, enabling easy trading. “TrendLine-EX is a semi-automatic EA that can automatically sell when the trend line is breached downward and automatically close when breached upward.
2. Best Select Try the indicator
The figure below is a screenshot taken on2024 year12 month11 day00:41(JST) .
[Total]Numbers are arranged in descending order. At the bottom,AUDUSD shows red across all timeframes.Total value is-2714.40, indicating a large negative number.AUDUSD implies a downward trend is forming.
Now, let’s look at the AUDUSD chart.
The red arrow marks the location where the screenshot was taken, capturing the downward trend portion.
“28 Currency Pairs Best Select Indicator
“28 Currency Pairs Best Select Indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021 Year5 Month onwards EURJPY movement – what happened?
Year5 Month onwards EURJPY movement.
To view the overall trend, a30 minute chart shows roughly the last3 weeks.
Last time, it was written as follows.
Currently,JPY>EUR, but the slopes are nearly the same, with slightlyJPY higher thanEUR.EURJPY tends to trend slightly downward, but since there isn’t a large currency strength gap, the range is expected to continue for a while.
Overall, after a bottom is formed, it tends to rise gradually while encountering resistance at a resistance line.
30 minute currency strength chart.
Pink isEUR, green isJPY. Currently, bothJPY andEUR have nearly the same slopes, withJPY slightly higher thanEUR. As currency strength indicatesEUR>JPY, EURJPY is expected to continue a gradual upward trend.
1.
New EA “Swap targetEA” (MT5 version •MT4 version) after that
“Swap targetEA is a type of EA that buys only when there is a trend and aims to gain both exchange rate profit andSwap profit.
“Swap targetEA is designed so 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 risk low, while traders seeking higher returns can expect corresponding returns. Depending on settings, it can even become a “billion-yen+ EA.” .
version has not started trading yet, so it is under review.
version has been steadily accumulating profits, but currently is in drawdown and shows a loss. Waiting for recovery.
“Swap targetEA” advantage visual
Additionally, the “Swap targetEA” MT4 version is currently under review at Gogojungle.
MT4 version: linkhttps://www.gogojungle.co.jp/systemtrade/fx/54473
MT5 version: linkhttps://www.gogojungle.co.jp/systemtrade/fx/54704
The “Toretore Indicator” has been updated. Added alert function and arrows display. Also added several usage examples. Please see the product page for details.
The “Toretore Indicator” is a versatile indicator usable in many contexts. The following are application examples of the “Toretore Indicator.” The currency pair isGBPJPY and the chart is15 minutes.
The main line color of the “Toretore Indicator” is blue for buy and red for sell, making it obvious at a glance.GBPJPY shows a long-term uptrend, so the main line is blue in the “buy zone,” suggesting buying opportunities. In particular, the area circled in white above is an excellent dip-buying point.
Observing the colors displayed on the chart adds discipline to trading.
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” is described on the pages below.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
MT5 version https://www.gogojungle.co.jp/tools/indicators/39159
【My listed products】
