Consider the actions on the lower timeframe after a short-selling signal from the upper timeframe mBDSR (RCI2-band filter) appears (part 2)
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【Master RCI!! Trend Reversal, Buy the Dip, Sell on Rallies】
An indicator that shines when combined with RCI【BODSOR・mBDSR】
and Method/Case Studies (PDF) ★GogoJungle AWARD 2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836
Crude Oil WTI 4-hour chart
Looking at the 4-hour chart above4-hour EMA21has risen close tomBDSR (filters: RCI26 and RCI52) Sell-on-Rally signalis lit. We will check if there is an entry point to sell on rallies on the lower timeframes.
Crude Oil WTI 30-minute chart
Looking at the 30-minute chart above, after the signal lit on the 4-hour chart, the 30-minute chart alsomBDSR (filters: RCI26 and RCI52) Sell-on-Rally signallights up and price drops sharply.Near the 4-hour EMA21formedDouble Topthe timing of the decline on the right peak is captured well.
From this example,a trading approach focused on moving averages and double topsandthe signals of mBDSRshow strong compatibility.
Also, in this example, placing the stop-loss slightly above the recent highcan yield a favorable risk-reward trade.
※Please note that in the charts introduced in this article, for convenience of explanation, circles, lines, and squares may be added.
An indicator that shines when combined with RCI【BODSOR・mBDSR】
and Method/Case Studies (PDF) ★GogoJungle AWARD 2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836
The PDF file includes 358 files (over 1,400 pages, more than 470,000 characters in total).
Many of them areexamples that outline logically linking the higher timeframes and lower timeframes using three RCI lines, ultimately waiting for the dip buying or rally selling timing (i.e., mBDSR signals) on the lower timeframes..
Also,many focus on identifying points where multiple entry reasons coincide..
Additionally,the method of exploring upside and downside prospects using three RCI linesis included.
In the PDF explanations,more than 1,350 chartsare used.
mBDSR (Product ID 11836) Purchase Bonus】MT5 Version Indicator (Beta) “mBDSR (no filter, RCI filter, MA filter)”
https://www.gogojungle.co.jp/tools/indicators/56765
【Master RCI!! Trend Reversal, Buy the Dip, Sell on Rallies】
An indicator that shines when combined with RCI【BODSOR・mBDSR】
and Method/Case Studies (PDF) ★GogoJungle AWARD 2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836
Crude Oil WTI 4-hour chart
Looking at the 4-hour chart above4-hour EMA21has risen close tomBDSR (filters: RCI26 and RCI52) Sell-on-Rally signalis lit. We will check if there is an entry point to sell on rallies on the lower timeframes.
Crude Oil WTI 30-minute chart
Looking at the 30-minute chart above, after the signal lit on the 4-hour chart, the 30-minute chart alsomBDSR (filters: RCI26 and RCI52) Sell-on-Rally signallights up and price drops sharply.Near the 4-hour EMA21formedDouble Topthe timing of the decline on the right peak is captured well.
From this example,a trading approach focused on moving averages and double topsandthe signals of mBDSRshow strong compatibility.
Also, in this example, placing the stop-loss slightly above the recent highcan yield a favorable risk-reward trade.
※Please note that in the charts introduced in this article, for convenience of explanation, circles, lines, and squares may be added.
An indicator that shines when combined with RCI【BODSOR・mBDSR】
and Method/Case Studies (PDF) ★GogoJungle AWARD 2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836
The PDF file includes 358 files (over 1,400 pages, more than 470,000 characters in total).
Many of them areexamples that outline logically linking the higher timeframes and lower timeframes using three RCI lines, ultimately waiting for the dip buying or rally selling timing (i.e., mBDSR signals) on the lower timeframes..
Also,many focus on identifying points where multiple entry reasons coincide..
Additionally,the method of exploring upside and downside prospects using three RCI linesis included.
In the PDF explanations,more than 1,350 chartsare used.
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