【RCI3 Double Line + BODSOR】EUR/AUD 15-minute chart From a retracement selling signal to a pullback buying signal
BODSOR: An indicator developed to enhance entry accuracy for buying on dips or selling on pullbacks using a three-line RCI
Examples of using RCI three lines and BODSOR
The figure below is a chart of EURAUD 15-minute interval.
EUR/AUD 15-minute chart (October 25–26, 2018)
Upper panel:BODSOR
Lower panel: RCI three lines (red: RCI9, light blue: RCI26, yellow: RCI52)
(1) Sell on the rally signal (yellow arrows circled)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses downward, all three RCI lines may turn downward.
In other words, price could also fall strongly.
In such a situation,BODSOR's sell-on-rally signal (yellow arrows) lights up.
(2) Buy on the dip signal (pink arrows circled)
Among the three RCI lines, only RCI9 is clearly declining.
If RCI9 reverses upward, all three RCI lines may turn upward.
In other words, price could rise strongly.
In such a situation,BODSOR's buy-on-dip signal (pink arrows) lights up.
Using the three-line RCI to perform buy-on-dip or sell-on-rally entries,
this indicator was developed to improve entry accuracy.
Twitter
https://twitter.com/RCIX3Line
Blog
http://bodsor.blog.fc2.com/
Investment Navi+
https://fx-on.com/navi/serial/?id=359
YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw
Example of buy on the dip and sell on the rally signals on the USD/JPY 1-hour chart
※Note: For convenience of explanation, charts in this article may include added lines, circles, squares, etc.
Please understand.
