"RCI3 Three-Line + mBDSR" ~ USD/JPY around 145.000 forming a double top (5-minute chart) ~
Indicator that unleashes power when used in combination with RCI【BODSOR・mBDSR】
https://www.gogojungle.co.jp/tools/indicators/11836
※An indicator developed to improve the entry accuracy when using three RCI lines for buying on pullbacks or selling on rallies
150 PDF files are included. Many of them are examples that explain how to logically link higher and lower timeframes using the three RCI lines, examine multiple lower-timeframe conditions sequentially, and finally wait for pullback buy or pullback sell timings on the lower timeframe (i.e., the mBDSR signals). They are compiled as such. The description uses over 550 charts .
In the charts shown below, for convenience of explanation, squares and lines may have been added, so please note.
USD/JPY 5-minute chartRises to just before 145.000
Price rises to just before 145.000.
145.000 has acted as resistance previously, and it is considered likely to act as resistance again this time as well.
The three-line RCI rises to the left side of the double top to form the shape of a three-line RCI top (green box).
After that, when RCI9 initially falls and then rises, RCI26 and RCI52 have already started to decline, so on the right side of the double topthe mBDSR (two RCI-line filter) sell-on-retrace signallights up and price declines.
Related video
Indicator that shines when used in combination with RCI【BODSOR・mBDSR】
https://www.gogojungle.co.jp/tools/indicators/11836
※An indicator developed to improve the entry accuracy when using three RCI lines for buying on pullbacks or selling on rallies
150 PDF files are included. Many of them are examples that explain how to logically link higher and lower timeframes using the three RCI lines, examine multiple lower-timeframe conditions sequentially, and finally wait for pullback buy or pullback sell timings on the lower timeframe (i.e., the mBDSR signals). They are compiled as such. The description uses over 550 charts .
