Fibonacci expansion, three-line RCI, and mBDSR (RCI2-band filter) overbought signal

Indicator that shines when used in combination with RCI【BODSOR・mBDSR】
Methods & Case Studies (PDF) ★GogoJungle AWARD 2020 winner★

https://www.gogojungle.co.jp/tools/indicators/11836

　The PDF file includes 283 items.
Many of them are examples that break down the process of logically linking higher and lower timeframes using three RCI lines, then sequentially considering the situation of multiple lower timeframes, and ultimately waiting for the timing to buy on dips or sell on rallies in the lower timeframe (i.e., the mBDSR signal)..
Also,many focus on catching points where multiple entry reasons converge.
In the explanations,over 1,000 chartsare used.




In recent Investor Navi+ articles,examples that show the high compatibility between various trading methods and the mBDSR signalsare introduced as the main focus.


AUD/JPY 1-hour chart


On the 1-hour chart aboveFibonacci Expansionapplied, around the circled white area,Fibonacci Expansion 2.618approximates a turning point; also,RCI3 linesshow a rise to the so-calledRCI3 triple-toppattern (around the green box), suggesting that it might not be strange to consider selling on rallies on the lower TF.


AUD/JPY 15-minute chart


Watching the 15-minute chart above,mBDSR (Filter: RCI26 and RCI52) buyback/sellback signallights up, and subsequently, the price declines steadily.

From this example,the high compatibility between Fibonacci Expansion, RCI3 lines, and trading methodsandmBDSR signalsis evident.

Additionally, in this example,placing a stop loss slightly above the recent highis done,allowing for high risk-reward trades.



Indicator that shines when combined with RCI【BODSOR・mBDSR】
Methods & Case Studies (PDF) ★GogoJungle AWARD 2020 winner★

https://www.gogojungle.co.jp/tools/indicators/11836

　The PDF file includes 283 items.
Many of them are examples that break down the process of logically linking higher and lower timeframes using three RCI lines, then sequentially considering the situation of multiple lower timeframes, and ultimately waiting for the timing to buy on dips or sell on rallies in the lower timeframe (i.e., the mBDSR signal)..
Also,many focus on catching points where multiple entry reasons converge.
In the explanations,over 1,000 chartsare used.