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RSI Ichimoku Indicator for MetaTrader 4 Download - [TradingFinder]

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RSI Ichimoku Indicator for MetaTrader 4 Download - [TradingFinder]
RSI Ichimoku Indicator for MetaTrader 4 Download - [TradingFinder] 0
RSI Ichimoku Indicator for MetaTrader 4 Download - [TradingFinder] 1
RSI Ichimoku Indicator for MetaTrader 4 Download - [TradingFinder] 2
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The RSI Ichimoku Indicator on the MetaTrader 4 platform is a powerful technical analysis tool that combines the Ichimoku Cloud structure with the RSI line (blue), offering entry and exit signals in the form of an advanced hybrid oscillator.

This analytical tool is designed to simultaneously measure market momentum using the RSI, and trend direction and structure via Ichimoku components.

RSI Ichimoku Specifications Table

The table below provides a general overview of the RSI Ichimoku Indicator’s features.

Indicator Categories:
Oscillators MT4 Indicators
Volatility MT4 Indicators
Currency Strength MT4 Indicators
Platforms:
MetaTrader 4 Indicators
Trading Skills:
Intermediate
Indicator Types:
Reversal MT4 Indicators
Timeframe:
Multi-Timeframe MT4 Indicators
Trading Style:
Intraday MT4 Indicators
Trading Instruments:
Share Stocks MT4 Indicators
Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators

Uptrend Conditions

This price chart illustrates the EUR/CHF currency pair on a 5-minute timeframe.

When the RSI line breaks through a bearish Kumo cloud and the price is at the end of a downtrend with decreasing selling pressure, a favorable entry (Buy) opportunity is formed.

Bullish trend in the RSI Ichimoku Indicator
RSI crossing above the bearish Kumo Cloud in the hybrid RSI Ichimoku Indicator

Downtrend Conditions

The image shows the CHF/JPY currency pair on a 5-minute timeframe.

When the RSI line breaks down through a bullish Kumo cloud, it indicates overbought conditions in that zone. This may represent a suitable entry (Sell) opportunity.

RSI Ichimoku Indicator during bearish trend analysis
RSI Ichimoku Indicator showing market conditions during a bearish trend

Indicator Settings

The image below displays the adjustable parameters of the RSI Ichimoku Indicator:

RSI Ichimoku Indicator Settings
View of the RSI Ichimoku indicator’s settings panel
  • Tenkan: Tenkansen line
  • Kijun: Kijunsen line
  • Senkou: Senkou lines
  • Rsip: RSI related settings
  • CL-Style: Line or component display style

Conclusion

By combining the Ichimoku system and the Relative Strength Index, the RSI Ichimoku Indicator delivers more accurate entry and exit signals.

This trading tool also identifies overbought and oversold zones alongside trend direction, support, and resistance levels.

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FAQs

What is the role of the Kumo Cloud when combined with RSI?

The Kumo Cloud acts as a dynamic support and resistance zone. Its intersection with the RSI helps reveal trend direction and appropriate entry/exit points.

Does the timeframe affect the performance of this indicator?

Yes. This combination typically provides faster signals on short to mid-term timeframes (e.g., 5 to 15 minutes), but shows greater accuracy on longer-term timeframes.

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