Examples of pullback buying signals AUD/JPY 1-hour chart【RCI three-line method + BODSOR】

RCI Three-LineandBODSORUsage Examples

One of the features of the three-line RCI (RCI9, RCI26, RCI52) is

“When the three RCIs line up in the same direction, the price movement in that direction becomes larger.”

This is what we mean.

If RCI26 and RCI52 are rising (falling) and RCI9 is falling (rising),
when RCI9 reverses,“the three RCIs align in the same direction”will occur.

Therefore, it is extremely important to anticipate when RCI9 will reverse.

(Case by case, but simply waiting for RCI9’s reversal to be confirmed often leads to being considerably late.)


Hence, to detect as early as possible the moment when the momentum of RCI9’s rise (or fall) weakens, BODSOR was developed.



The figure below shows the AUD/JPY hourly chart from March 22 to 27.

AUD/JPY 1-Hour Chart

Top: BODSOR
Bottom: RCI Three-Line (red: RCI9, light blue: RCI26, yellow: RCI52)

Looking at the above chart, on March 26 the signal for “RCI Three-Line + BODSOR”
a pullback-buy signal (pink arrow) is illuminated.

Among the three RCIs, only RCI9 is clearly declining.
If RCI9 reverses and starts rising, all three RCIs may rise together.
In other words, price may rise strongly.

In this kind of situationBODSORsignal (pink arrow) lights up.

Right after the BODSOR signal lights up, five bullish candles occur in succession. Since prices continue to rise thereafter, in this case the signal functions well as a pullback-buy signal.Indicator that shows pullback buy and pullback sell signals [BODSOR]Twitterhttps://twitter.com/RCIX3LineBloghttp://bodsor.blog.fc2.com/Investor Navigator+https://fx-on.com/navi/serial/?id=359YouTubehttps://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw




Indicator that shows pullback buy and pullback sell signals [BODSOR]


Twitter
https://twitter.com/RCIX3Line

Blog
http://bodsor.blog.fc2.com/

Investor Navigator+
https://fx-on.com/navi/serial/?id=359

YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw