【Aim to become a pro in technical analysis!】RCI indicator to read the market
Recently, discretionary traders have been paying attention to“RCI”— we've found an affordable indicator for it!
So far on GogoJungle, Blacksun, who sells various indicators has an MT4 indicator that notifies the RCI's triple top (bottom), double top (bottom), and top (bottom)【RCIBT】.】
】
RCI is something you may have heard of but don't quite understand; to put it simply,
RCI（Rank Correlation Index） ＝ 順位相関指数
This is something that assigns a rank to both price and time, and measures how strong the correlation is.
Of course you can use just one, but many peopleuse three RCIs with different periodsto increase the basis for decision making.
This time, the 【RCI's triple top (bottom), double top (bottom), and top (bottom) MT4 indicator【RCIBT】】 also displays threeRCI lines, which we recommend.
Now, let's quickly place the indicator on the MT4 chart.
・RCIBT1RCI
・RCIBT2RCI
・RCIBT3RCI
The three above are included.
When you actually install it, the RCI lines may not display, so you might think it's a signal tool.
This product does not include an indicator that displaysRCI itself.
However, recently it has been distributed for free or is built into MT4 by default.
I use FXTF MT4 from Golden Way Japan, so I will use the built‑inRCI
※ The initial settings of the indicator use the above periods, so if you have your own method, be sure to reflect the configured periods in the indicator's parameters.
Additionally, when the three RCI lines reach the top or bottom, a star mark appears on the candles before reaching that level, and arrows appear when reached.
Also, it is possible to receive alert notifications when a signal is generated.
There are email, alert sound, and push notifications, so you can turn them on/off (true/false) in the parameters as needed.
Why not aim to become a pro in technical analysis too!
RCI's triple top (bottom), double top (bottom), and top (bottom) notifies MT4 indicator【RCIBT】
Written by kuwabara
