Example of a buying dip signal: USD/CHF 4-hour chart [RCI three-line indicator + BODSOR]
The figure below is the USD/CHF 4-hour chart.
USD/CHF 4-hour chart
Top section:BODSOR
Bottom section: RCI three lines (red: RCI9, light blue: RCI26, yellow: RCI52)
Pullback Buy Signal (pink arrow circled)
Among the three RCI lines, only RCI9 is clearly trending downward.
If RCI9 reverses and rises, the three RCIs may rise together.
In other words, the price may rise strongly as well.
In such a situationBODSORpullback buy signal (pink arrow) lights up.
Indicator that displays pullback buy and retracement sell signals [BODSOR]
Twitter
https://twitter.com/RCIX3Line
Blog
http://bodsor.blog.fc2.com/
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https://fx-on.com/navi/serial/?id=359
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https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw
Example of pullback buy and retracement sell signals on the 1-hour chart of USD/JPY
※Note: In the charts within this article, for convenience of explanation, circles, straight lines, and squares may be drawn, or such elements may appear, so please understand.
Thank you for your understanding.