Ichimoku RSI Strategy

[Apprentice]

First,
the use of this strategy is for now limited to holders of the beta version of trading platform.

the following stragegy will clearly define ranging market and trending market and it will make entry only trending market

it is based on following indicators:
1. ischimo with
tenkan-sen period 9,
kijun-sen period 26,
senkouspan B period 52{ default parameters}.
2. rsi 14 with buy level (0), sell level (0)
3. adx 14 with entry level 20{ optional }
4.dmi 14 with entry level 20{otional}

buy when:

1. chinkov span > kijun-sen
2. tenkan-sen > kijun-sen
3.rsi 14 cross over buy level
4.adx 14 > entry level and increasing
5.dmi 14 > entry level and dmi +> dmi -

sell when:

1. chinkov span < kijun-sen
2. tekan-sen < kijun-sen
3. rsi 14 cross under sell level
4. adx 14 >entry level and increasing
5.dmi 14 > entry level and dmi -> dmi +

exit buy when:

1. rsi cross under sell level(0)
2.tenkan-sen cross under kijun-sen

exit sell when:

1. rsi cross over buy level{0}
2tekan-sen cross over kijun-sen

Ichimoku RSI Strategy.lua

(21.11 KiB) Downloaded 1235 times

The Strategy was revised and updated on December 18, 2018.

[superleo]

thanks lot for this nice strategy. can you add following options in this strategy

for buying conditions :
1.SA > SB
2. price>SA

it means price is above the bullish cloud. this should be considered with other buying conditions

for selling conditions:
1. SA<SB
2. price<SA

it means price is below the bearish cloud. this should be considered with others selling conditions

thank you

[Apprentice]

Your request is added to the development queue.

[Apprentice]

Can you write a complete specification.

I'm not sure which parts of the old strategy, you want to use,
and which you want to change.

[superleo]

sir,


buy when:

1. chinkov span > kijun-sen
2. tenkan-sen > kijun-sen
3.rsi 14 cross over buy level
4.adx 14 > entry level and increasing
5.dmi 14 > entry level and dmi +> dmi -

this is already present in this strategy

i request you to add

6.SA > SB
7. price >SA

sell when:

1. chinkov span < kijun-sen
2. tekan-sen < kijun-sen
3. rsi 14 cross under sell level
4. adx 14 >entry level and increasing
5.dmi 14 > entry level and dmi -> dmi +

this is already in this strategy

i request you to add

1. SA<SB
2. price <SA

it means

when every thing is in bullish condition and rsi cross over buy level --buy
when every thing is in bearish condition and rsi cross under sell level --- sell

thank you.

[Apprentice]

Your request is added to the developmental cue.

[jaricarr]

it is based on following indicators:
1. ischimo with
tenkan-sen period 9,
kijun-sen period 26,
senkouspan B period 52{ default parameters}.
2. rsi 14 with buy level (0), sell level (0)
3. adx 14 with entry level 20{ optional }
4.dmi 14 with entry level 20{otional}


Hi Apprentice,

The strategy does not have the option to not use the ADX and DMI filters.
Is it possible to add the "on/off" option please.

Thanks,
JC

[jaricarr]

Hi Apprentice,

Please update so that it is possible to turn "on/off" the ADX AND DMI.

Thanks,
JC

[Apprentice]

Major update.
ADX / DMI "on/off" switch added.

[Apprentice]

Strategy was revised and updated.