Ichimoku RSI uses Ichimoku cloud levels to define trend direction while RSI pinpoints short-term pullbacks.
Trades align with the cloud, entering when RSI recovers from oversold in an uptrend or falls from overbought in a downtrend.
By combining a broad trend filter with a momentum oscillator, the strategy aims to join strong moves after brief pauses.
Stops are placed beyond the cloud boundary to protect against deeper corrections.
Entry Criteria: indicator signal
Long/Short: Both
Exit Criteria: stop-loss or opposite signal
Stops: Yes, percent based
Default Values:
CandleType = 15 minute
StopLoss = 2%
[*]Filters:
Category: Trend following
Direction: Both
Indicators: Ichimoku, RSI
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday
Seasonality: No
Neural networks: No
Divergence: No
Risk level: Medium