Utilization of “Visualization Indicators” (Part 201)
Utilization of the “Visualization Indicator” (Part201)
1. Further advance the “28 Currency Pair List Indicator” and visualize the indicator
“8CPVisualization Indicator”to drawGBPJPY.
The “8CPVisualization Indicator” includesOceania version,London version,NewYork version,AnyCP version. This time, we used theLondon version.
The upper half is a 15-minute chart ofGBPJPY. The lower half is based on the “8CPVisualization Indicator,” and the orange thick line graph corresponds toGBPJPY.
On Tuesday,GBPJPYbroke above other graph groups, so we enter a long. Since the graph reached a peak, we closed the position once, and on Thursday we aim for a convergence from the deviation by selling.USDJPY is also falling at the same time, so selling USDJPY could also be good. After a straight decline, we exit when the downward speed slows. Buy about160pips, sell about120pips, total about280pips profit was made.
If you use “TrendLine-EX, you can automate entries and exits with diagonal trendline breaks. It allows easy, hands-off trading. “TrendLine-EX is a semi-automatic EA that can sell on a trendline break and automatically close on an upward breakout.
2. Best SelectIndicator to try
The image below is a screenshot of2025 year5 month29 day09:01JST)
Total]is arranged in descending order of values. At the very top,USDJPY shows blue colored display across all timeframes.Total, a large positive number. Across all timeframes, it is clear that an uptrend is occurring inUSDJPY.
Now, let’s look at the USDJPY chart.
The red arrows indicate the points where the screenshot was taken. They capture the sharp rise during the middle of an uptrend.
“28 currency pairsBest Select
“28 currency pairsBest Select indicator”
https://www.gogojungle.co.jp/tools/indicators/35128
3. 2021Year5 monthstarted tracking movement—what happened?
From 2021 year5 monthon movement has been tracked.
To view the overall trend, we depict about the last30 minutes over approximately3 weeks on the 30‑minute chart.
Previously, I wrote the following.
Pink representsEUR, green representsJPY. The currency strength chart shows that bothJPY andEUR are moving downward, but the angle value forEUR. Therefore, EURJPY is expected to trend slightly downward in the future.
By Tuesday morning, it fell a bit, but then recovered.
30 minutes currency strength chart.
Pink representsEUR, green representsJPY. In the currency strength chart, both andJPY are slightly downward; compared toJPY, EUR is more downward. It is almost horizontal. There is no clear directional signal. If forced to say, EURJPY will probably move slightly upward in the future.
4.
New IndicatorDual_MACD_Trend_Indicator is attempted.
New indicator “Dual_MACD_Trend_Indicator” is described below.
MT4 version: https://www.gogojungle.co.jp/tools/indicators/62199
version: https://www.gogojungle.co.jp/tools/indicators/62202
This indicator clearly and colorfully shows trend direction. When the color bar changes toLime, it’s a buy; when it changes toRed, it’s a sell. It is user-friendly for beginners. If the bar color is green, it indicates an uptrend; red indicates a downtrend; if no color, there is no trend. Because it uses color display, you can grasp the trend state at a glance.
I applied this indicator toUSDJPY on a daily chart.
With the bar colors, red means a downtrend and green means an uptrend, which is immediately obvious. When red bars appear consecutively, the downtrend continues, so holding a short position yields profit. Buy at the point where the bar color changes from red to colorless to green, and sell at the point where it changes from green to colorless to red.
Also, the width of the bars reflects trend strength. Because the most recent bar is red, the direction is downward, but the red bars are narrowing, indicating weakening downward momentum. If the bar color later turns green, a buying opportunity arises.
If you use theDual_MACD_Trend_Indicator, you will no longer have to hesitate about the trade direction.
※ Recommended indicators
“Toretore Indicator”
https://www.gogojungle.co.jp/tools/indicators/50115
“TrendLine-EX”
https://www.gogojungle.co.jp/tools/indicators/42257
The “8CCurrency Strength Visualization Indicator” is described on the following page.
MT4 version https://www.gogojungle.co.jp/tools/indicators/39150
version https://www.gogojungle.co.jp/tools/indicators/39159
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