The pattern of lowering from the RCI3 upper ceiling to the threefold bottom [RCI3 three lines + mBDSR] 20181227
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BODSOR (mBDSR)Sales page forhere.
※ BODSOR and mBDSR are indicators developed to improve the entry accuracy when using three RSI lines (RCI) for breakout buy or pullback sell entries.
They are designed to help with precise entries.
The figure below shows the Kiwi Yen NZDJPY 30-minute chart.
Kiwi Yen NZDJPY 30-minute chart
Top: mBDSR
Only RCI9 is clearly rising among the three RCI lines.
If RCI9 turns downward, all three RCI lines may be turning down.
In other words, there is a possibility of a strong price decline.
In such a scenario, mBDSR’s pullback sell signal (yellow arrows circled in a circle) lights up.
You can see that price starts to move down smoothly right after the signal lights up.
This is a very common pattern where, after a so-called “RCI triple top,” the short-term line RCI9 in the three-line RSI moves down and then “pulls back.”
provoke a further move down toward what is often called the so-called “RCI triple bottom.”
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Example of pullback buy and pullback sell signals on USD/JPY 1-hour chart
※In the charts within this article, for convenience, some lines such as yen symbols, straight lines, and rectangles may be drawn or added—please understand.
