Look for signs of opportunity with the RCI 3-line MT4 Indicator 【R3L9DR】
MT4 Indicator to Look for Signals in RCI 3 Lines: R3L9DR
https://www.gogojungle.co.jp/tools/indicators/22225
(This is a monthly auto-renewal product.)
Capture the momentum of a pullback to enter quickly, and prepare for pullback buying or pullback selling opportunities. Includes alert features (email, sound, dialog) and push notifications.
If among the three RCI lines (RCI9, RCI26, RCI52) only RCI9 forms a downward shape, when RCI9 reverses upward next, all three RCI lines may turn upward together, making the three-line RCI pattern a very strong formation.
If among the three RCI lines (RCI9, RCI26, RCI52) only RCI9 forms an upward shape, when RCI9 reverses downward next, all three RCI lines may turn downward together, making the three-line RCI pattern a very weak formation.
Therefore, this indicator【R3L9DR】was created to capture the timing when only RCI9 among the three RCI lines is rising (or falling) so as to be ready for pullback buying or pullback selling opportunities as early as possible.
Top row:R3L9DRBottom row: RCI three lines (RCI9, RCI26, RCI52)
When among the three RCI lines, only RCI9 turns downward, a pink star mark lights up.
Then, when the closing price level of a candle confirms the pink star mark, a pink arrow lights up at the opening of the next candle.
When among the three RCI lines, only RCI9 turns upward, a yellow star mark lights up.
Then, when the closing price level of a candle confirms the yellow star mark, a yellow arrow lights up at the opening of the next candle.
Top row:R3L9DRBottom row: RCI three lines (RCI9, RCI26, RCI52)
Note: This indicator 【R3L9DR】 does not include an indicator to display the RCIs.
＜Example of use in combination with the separately sold indicator mBDSR＞
After sensing that the price is likely to test a pullback with 【R3L9DR】, you could also wait for the pullback sell signal from the separately sold indicator 【mBDSR】.
Top row:R3L9DR, mBDSR (RCI26 and RCI52 filtered) Bottom row: RCI three lines (RCI9, RCI26, RCI52)
Note: This indicator 【R3L9DR】 does not include display indicators for RCIs or for the separately sold 【mBDSR】.
MT4 indicator to look for signs of opportunity in the RCI three lines: 【R3L9DR】
https://www.gogojungle.co.jp/tools/indicators/22225
(This is a monthly auto-renewal product.)
