[RCI3 Three-Line + BOD SOR] Example of a Buy Signal on Dips: GBP/JPY 4-Hour Chart

The figure below is the GBP/JPY 4-hour chart.

GBP/JPY 4-hour chart

Upper section:BODSOR
Lower section: RCI three-line indicator (Red: RCI9, Light blue: RCI26, Yellow: RCI52)

Pullback Buy Signal (pink arrows encircled)

Among the three RCI lines, only RCI9 is clearly declining.
If RCI9 turns upward, all three RCI lines may rise together.
In other words, price may also rise strongly.

In this kind of situationBODSOR pullback buy signal (pink arrow) lights up.

Indicator that displays pullback buy and pullback sell signals【BODSOR】

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Example of pullback buy and pullback sell signals on the USD/JPY 1-hour chart

*In the charts in this article, for convenience of explanation, there may be added circles, lines, and rectangles, etc.
Please understand this.

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