Example of a Mean Reversion Sell Signal USD/JPY 5-minute chart [RCI 3-line + BODSOR]
The figure below is a 5-minute chart of USD/JPY.
USD/JPY 5-minute chart – August 2, 2018
Top section:BODSOR
Bottom: RCI three-line set (red: RCI9, light blue: RCI26, yellow: RCI52)
Rebound selling signal (yellow arrows circled)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 turns down, all three RCIs could turn downward, presenting a scenario.
In other words, the price may also fall sharply.
In such a situationBODSOR rebound selling signal (yellow arrows) lights up.
Indicator showing buy on dips and sell on rallies [BODSOR]
Twitter
https://twitter.com/RCIX3Line
Blog
http://bodsor.blog.fc2.com/
Investment Navigator Plus
https://fx-on.com/navi/serial/?id=359
YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw
Example of buy on dips / sell on rallies on the 1-hour chart for USD/JPY
*In the charts in this article, for ease of explanation, you may see added circles, lines or rectangles.
Please note this.