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RSI Ichimoku Indicator for MetaTrader 5 - Download - [TradingFinder]

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MetaTrader4

MetaTrader5

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RSI Ichimoku Indicator for MetaTrader 5 - Download - [TradingFinder]
RSI Ichimoku Indicator for MetaTrader 5 - Download - [TradingFinder] 0
RSI Ichimoku Indicator for MetaTrader 5 - Download - [TradingFinder] 1
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The RSI Ichimoku Indicator on the MetaTrader 5 platform is a technical analysis tool that merges the Ichimoku system components with the RSI indicator, offering trading signals as an advanced oscillator.

This indicator creates zones for entry and exit by simultaneously analyzing trend direction via the Ichimoku cloud and momentum strength using the RSI line.

RSI Ichimoku Indicator Specifications Table

The general features of the RSI Ichimoku Indicator are presented in the table below.

Indicator Categories:
Oscillators MT5 Indicators
Volatility MT5 Indicators
Currency Strength MT5 Indicators
Platforms:
MetaTrader 5 Indicators
Trading Skills:
Intermediate
Indicator Types:
Reversal MT5 Indicators
Timeframe:
Multi-Timeframe MT5 Indicators
Trading Style:
Intraday MT5 Indicators
Trading Instruments:
Forex MT5 Indicators
Crypto MT5 Indicators
Stock MT5 Indicators
Forward MT5 Indicators
Share Stock MT5 Indicators

Uptrend Conditions

This chart displays the USD/JPY currency pair in a 15-minute timeframe.

A suitable Buy entry opportunity is formed when the RSI line successfully breaks through the bearish Kumo cloud from below, and selling pressure decreases at the end of a downtrend.

RSI Ichimoku Indicator in an uptrend
Bearish cloud breakout in the RSI Ichimoku Indicator

Downtrend Conditions

In the Dow Jones Index (DJI), on a 4-hour timeframe, the market enters an overbought phase when the RSI breaks above a bullish Kumo cloud.

This condition creates a Sell opportunity with weakening bullish momentum and potential price reversal.

Downtrend phase in the RSI Ichimoku Indicator
Bullish cloud breakout and beginning of downtrend in the RSI Ichimoku Indicator

Indicator Settings

The image below shows the internal adjustable parameters of the RSI Ichimoku Indicator:

RSI Ichimoku Indicator Settings
View of the RSI Ichimoku Indicator’s settings panel in MetaTrader 5
  • Tenkan: Tenkan-sen line
  • Kijun: Kijun-sen line
  • Senkou: Senkou lines
  • Rsip: RSI-related settings
  • CL Style: Line or component display style

Conclusion

The RSI Ichimoku Indicator combines the Relative Strength Index (RSI) with the Ichimoku system, functioning as an advanced hybrid tool that provides entry and exit signals.

Besides identifying overbought and oversold zones, it analyzes trend direction and identifies dynamic support and resistance levels.

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FAQs

What is RSI Ichimoku?

It is a hybrid indicator that utilizes the Relative Strength Index (RSI) and the Ichimoku structure to analyze trends and momentum.

On which platforms can this indicator be used?

This indicator is designed for the MetaTrader 5 platform. The required files can be downloaded and installed from this page.

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