【RCI3 triple line + BODSOR】 EURCAD 5-minute chart from a pullback selling signal to a dip-buying signal

BODSOR: An indicator developed to improve entry precision when using a three-line RCI (RCI 3-line) for applying pullback buying or pullback selling



Examples of using RCI 3-line and BODSOR


The figure below is a EURCAD 5-minute chart.


EURCAD 5-minute chart (October 26, 2018)

Upper section:BODSOR
Lower section: RCI 3-line (red: RCI9, light blue: RCI26, yellow: RCI52)


(1) Sell on a pullback signal (yellow arrows encircled)

Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses downward, all three lines may trend downward.
In other words, the price could also fall strongly.

In such a situation,BODSOR pullback sell signal (yellow arrows) lights up.



(2) Buy on a pullback signal (pink arrows encircled)

Among the three RCI lines, only RCI9 is clearly falling.
If RCI9 reverses upward, all three lines may trend upward.
In other words, the price could rise strongly as well.

In such a situation,BODSOR buy-on-pullback signal (pink arrows) lights up.



Using the three-line RCI to implement pullback buying or pullback selling
to improve entry precision, an indicator was developed


Twitter
https://twitter.com/RCIX3Line

Blog
http://bodsor.blog.fc2.com/

Investment Navigator+
https://fx-on.com/navi/serial/?id=359

YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw


USD/JPY 1-hour chart example of pullback buying and pullback selling signals



Note: In the charts within this article, for convenience of explanation, currencies, straight lines, squares, etc. may be drawn.
Please understand.