pyogi24 Intraday Ichimoku + RSI

27. Sept.

custom script to get entry exit
its based on the ichimoku cloud indicator
and the cross over of the leading ang lagging spans to get the signals,
its under development.
i have also integrated the vwap so we know the bias of the trend.
this should work on a trending day.

29. Sept.

Versionshinweise

What it does

This indicator combines Ichimoku structure, RSI momentum confirmation, and a session filter to generate clean intraday BUY/SELL signals.
To avoid chop, entry/exit labels are automatically suppressed when price is inside the cloud (between Span A & Span B). Only bars with price outside the cloud can print entries/exits.

Modes (pick one)
Ichi+RSI (default)
Requires: TK cross and cloud trend alignment and RSI confirmation.
Most selective; best for clean trends.

TK only
Requires: TK cross only (fastest, most signals).
TK+RSI
Requires: TK cross and RSI confirmation (midway between 1 and 2).
Regardless of mode, labels won’t print inside the cloud. This keeps entries & exits clean.

Labels & exits

BUY/SELL labels: only shown if Show BUY/SELL entry labels is on and price is outside the cloud on the bar.
EXIT labels: optional exit on opposite TK cross (also suppressed inside cloud).
Active SL line: updates to current trade’s ATR-buffered stop.
Inputs you may want to tune quickly
Mode: Ichi+RSI, TK only, TK+RSI.
RSI: length (14), buy ≥ 55, sell ≤ 45, slope lookback (1–2).

Filters: toggle Cloud, Chikou, and Kijun slope; slope lookback (5), min slope (0.03%) as starting point.

Stops: ATR length (14), ATR buffer = 1.0–1.5 for tighter/looser SL.
Session: default 0915-1510 (IST) for intraday only.

How to use (step-by-step)
Timeframe: Start with 3–5 min charts for intraday.
Mode selection:
Use Ichi+RSI on trendier scripts;
TK+RSI if you want a few more signals;
TK only for maximum sensitivity (expect more whipsaws).

Filters: Keep Cloud and Kijun slope ON initially. Turn Chikou ON for extra safety in choppy symbols.

Read the chart:

Prefer longs when price is above the cloud and VWAP; shorts when below.
If price is in the cloud, this script won’t label entries/exits—wait for a clean break.
Entries: Take BUY/SELL labels printed outside the cloud. Labels show the current SL.
Stops: Use the plotted Active SL (ATR-buffered Kijun/Cloud reference). You can widen by increasing ATR buffer if the symbol is jumpy.

Exits:
Optional auto exit on opposite TK cross (label appears only when outside the cloud).
Or trail manually using the Active SL or your own rule (e.g., VWAP reclaim/loss).

Notes & caveats

Cloud is plotted with standard +displacement for visuals, but the in-cloud check uses current spans (non-displaced) to judge whether to print labels. This keeps decisions aligned with the active bar.

VWAP is informational only—no effect on signals.

Intraday gaps/illiquid spikes can affect ATR stops; use an additional hard stop if needed