Using this single line RCI3 to consider profit-taking target (15)

Indicator that demonstrates power when combined with RCI: BODSOR · mBDSR
Methods and Case Studies (PDF) ★GogoJungle AWARD2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836



Pound/Australian Dollar GBPAUD Daily


The higher-timeframe status is omitted. On the daily chart above,mBDSR (RCI 2-filter) Buy-the-dip signalis lit, and price is rising steadily.

As a resultRCI52 (long-term RCI)continues to rise until it reaches the ceiling area (around the yellow box).

In the above example,Using the 3-RCI-line on the upper and lower timeframesto logically link the higher and lower timeframes,you can gauge the upward target for RCI, but the detailed explanation of that technique is left to the attached PDF below.

　Attached PDF file No. 319: 【mBDSRhint1319_20241005.pdf】
　“【Important】Thinking of Upward Targets Using 3-RCI-Lines (6)”


※ Please note that in the charts shown in this article, for convenience of explanation, circles, straight lines, and rectangles may be drawn.



Indicator that demonstrates power when combined with RCI: BODSOR · mBDSR
Methods and Case Studies (PDF) ★GogoJungle AWARD2020 Winner★

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

　The PDF file includes 341 items (over 1,200 pages, over 430,000 characters).

Many of them are focused onusing three RCI-lines to logically link the higher and lower timeframes, examining multiple lower-timeframe conditions sequentially, and ultimately waiting for a dip-buy or pullback-sell timing (i.e., the mBDSR signal) on the lower timeframeas summarized.

Additionally,many emphasize identifying points where multiple entry reasons overlap.

Note that,the material also includes methods for exploring upward and downward targets using three RCI-lines.

In the PDF explanations,over 1,200 chartsare used.