[RCI 3-line + BODSOR] Kiwi Yen 4-hour and 5-minute pullback buy signal 20181101

※BODSOR is an indicator developed to enhance the entry accuracy when buying on dips or selling on rallies using three-line RCI (RCI with three lines).




and usage examples

One feature of the RCI3-line (RCI9, RCI26, RCI52) is

“When all three RCIs point in the same direction, price movement in that direction tends to be stronger.”



If RCI26 and RCI52 are rising (falling) and RCI9 is falling (rising),
when RCI9 reverses“All three RCIs line up in the same direction.”

Therefore, detecting when RCI9 will reverse is extremely important.

(Case by case, but simply waiting for RCI9 reversal to be confirmed often leads to late entries.)


Thus, BODSOR was developed to detect as early as possible the moment when the momentum of RCI9 to rise (fall) weakens.



The figure below shows the Kiwi Yen 4-hour and 1-hour charts.


Kiwi Yen 4-hour

Top: BODSOR
Bottom: RCI3 lines (red: RCI9, light blue: RCI26, yellow: RCI52)


Kiwi Yen 5-minute

Top: BODSOR
Bottom: RCI3 lines (red: RCI9, light blue: RCI26, yellow: RCI52)


Dip-buy signal (pink arrow circle)

Among the three RCI lines, only RCI9 is clearly declining.
If RCI9 reverses to rise, all three RCIs may rise together.
In other words, the price could rise strongly.

In such a situation,BODSOR dip-buy signal (pink arrow) lights up.

In the above example, price rises significantly after the signal appears.


An indicator developed to increase the entry accuracy when using RCI3-lines to buy on dips or sell on rallies
and to pull entries more precisely


Twitter
https://twitter.com/RCIX3Line

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

Invest Navi+
https://fx-on.com/navi/serial/?id=359

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


USD/JPY 1-hour chart: examples of dip-buying and rally-selling signals



※In charts in this article, for convenience of explanation, circles, lines and squares may be drawn.
Please understand.