Example of a buying signal on pullback CAD/JPY 1-hour chart [RCI three lines + BODSOR]

Three-line RCIandBODSORusage examples

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

“When all three RCIs line up in the same direction, the price movement in that direction tends to be larger.”

There is

when RCI26 and RCI52 are rising (falling) and RCI9 is falling (rising),
if RCI9 reverses,“all three RCIs line up in the same direction”will be the case.

Therefore, detecting when RCI9 will reverse is very important.

(Case by case, but simply waiting for a confirmed reversal of RCI9 often results in a sizable delay.)


Thus, to quickly detect a weakening momentum of the rise (fall) of RCI9
as early as possible, BODSOR was developed.


The chart below is the CAD/JPY 1-hour chart from March 22 to 27.

CAD/JPY 1-hour chart

Upper panel:BODSOR
Lower panel: Three-line RCI (red: RCI9, light blue: RCI26, yellow: RCI52)

From the above chart, on March 26 the signal of “three-line RCI + BODSOR”
buying the dip (pink arrow) lights up.

Among the three-line RCI, only RCI9 is clearly declining.
If RCI9 reverses and rises, all three RCIs may rise together.
In other words, the price may rise strongly.

In such a situation,BODSORsignal (pink arrow) lights up.

Right after the BODSOR signal lights up, five bullish candles occur in succession. Thereafter,the price continues to rise smoothly, so in this case the signal works well as a dip-buying signal.Dip-buy and pullback-sell indicators display with the indicator 【BODSOR】Twitterhttps://twitter.com/RCIX3LineBloghttp://bodsor.blog.fc2.com/Investment Navigator+https://fx-on.com/navi/serial/?id=359YouTubehttps://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGwUSD/JPY 1-hourCAD/JPY 1-hour
the price continues to rise smoothly, so in this case the signal works well as a dip-buying signal.



Dip-buy and pullback-sell indicators display with the indicator 【BODSOR】


Twitter
https://twitter.com/RCIX3Line

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

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

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


USD/JPY 1-hour



CAD/JPY 1-hour