Ichimoku RSI Crossover

Apr 13, 2016 No Comments by

Time frame: 30 Min
Rsi: 5E2
Ichimoku: 8,26,52,18

How to add:
Add Ichimoku on the chart with above parameters on 30 min time frame. Add RSI with above parameters on the same chart but there is little change in RSI in the input; choose kijun line input instead of price close of RSI.
How to interpret:

For Buy : When RSI crosses above 70 (level) i.e. entering in an overbought zone you can go for buy with the confirmation of high breakout of a signal candle with the stop loss of low of the signal candle.
For Sell : When RSI crosses below 30 (level) i.e. entering in an oversold zone you can go for sell with the confirmation of a low breakout of the signal candle with the stop loss of high of the signal candle.


Some Important Points:
Choose only 52 weeks high or 52 weeks low stocks for trading.
Target will be % or 70 level break downside.
Stop loss will be revising after day end i.e. last trading session’s highest high or lowest low.


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