RSI Ichimoku Indicator for MetaTrader 5 - Download - MT4/MT5 Resource

The RSI Ichimoku indicator on the MetaTrader 5 platform is a technical analysis tool that combines the Ichimoku system components with the RSI indicator to provide trading signals as an advanced oscillator.

This indicator simultaneously analyzes trend direction via the Ichimoku cloud and momentum strength using the RSI line, creating entry and exit zones.

RSI Ichimoku Indicator Specification Sheet

The general characteristics of the RSI Ichimoku indicator are shown in the table below.

Uptrend Conditions

This chart shows the USD/JPY currency pair on a 15-minute time frame.

A suitable buying entry opportunity forms when the RSI line successfully breaks out of the bearish Kumo cloud from below and the selling pressure diminishes at the end of the downtrend.

downtrend conditions

In the Dow Jones Industrial Average (DJI), the market entered the overbought phase when the RSI broke above the bullish Kumo cloud on the 4-hour time frame.

This situation creates a selling opportunity on weakening bullish momentum and potential price reversal.

Indicator Settings

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

• 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 as an advanced hybrid tool that provides entry and exit signals.

In addition to identifying overbought and oversold areas, it also analyzes trend direction and identifies dynamic support and resistance levels.