RSI Ichimoku Indicator for MetaTrader 4 Download - [TradingFinder]

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.

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.

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.

Indicator Settings

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

• 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.