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Ikoku RSI Perfect Order

160 USD

Demo downloaded: 15

Published: 30 March 2022

Current version: 1.30

Ikoku RSI Perfect Order

Indicators
Takuma Shimizu
Version: 1.30
Updated: 31 March 2022
Activations: 10

What is Ikoku Kairi Band?

It is a multi-timeframe oscillator indicator that uses RSI moving average for Perfect Order. With Ikoku RSI Perfect Order, you can detect Perfect Order faster than with standard EMA. It will display a range of signals to help you with identifying Perfect Order, divergence or divergence confirmation.

Ikoku RSI Perfect Order instead of using EMA to find Perfect Order, it uses an RSI moving average. By displaying 6 MA of RSI, the indicator can detect new trends and Perfect Order conditions much faster than standard EMA. Below you can see comparison between these two indicators. Despite using 6 RSI moving averages, Ikoku Kairi Band is still more sensitive to the price changes and detects Perfect Order faster than 3 EMA.

Ikoku RSI Perfect Order is an oscillator and can be used to find divergence. The indicator will automatically detect regular or hidden divergence, and it will mark it on the indicator chart as well as on the price chart. It can also display trade signals when the divergence is confirmed.

It can also be used for a multi-timeframe analysis. You can display Ikoku RSI Perfect Order of higher timeframes simultaneously at your current chart. It provides a unique opportunity to analyse short and long term trends at the same time without switching between different charts.

This indicator can help you recognise new trends faster and finding a good trade entry points following the principles of Perfect Order strategy.

Parameters

Parameters can influence the accuracy of the trade signals. The more sensitive the indicator the more signals appear, which also increases the risk of false signals. The less sensitive indicator will produce less but more accurate signals.

Multi-timeframe

Time frame

Ikoku RSI Perfect Order has a multi-timeframe function, so in this parameter you can choose which one you want to display.

nMaxBars

In this parameter, you can set the number of bars that the indicator will be displayed for. Multi-time frame indicators can sometimes run slow depending on your device. For that reason, Ikoku RSI Perfect Order comes with this setting, which allows adjusting the performance of the indicator to your device to ensure it runs as smooth as possible.

RSI Perfect Order

RSI1-RSI6

Here, you can set the look-back period for each RSI. Lower number will increase the sensitivity and higher number will decrease it. It is important to set the RSI period in ascending manner, the shortest period for RSI1 and the longest for RSI6. Otherwise, the indicator will not work properly.

Show_Buy_Signal & Show_ Sell_Signal

This setting refers to a dotted line that will be displayed on the RSI when the Perfect Order occurs. An uptrend Perfect Order is marked by blue dots, and a downtrend Perfect Order is marked by red dots. You can choose if you want the indicator to mark the Perfect Order or not.

Divergence

Display_Divergence

Here you can set whether you want the divergence to be displayed or not.

nCheckBars

Here you can set the number of bars for which the divergence will be searched and displayed. The lower the number, the less divergence will be displayed.

Sensitivity_of_Divergence

In this parameter, you can set the sensitivity of the indicator when searching for divergence. Increasing the number in sensitivity of divergence will make the indicator detect more divergence.

Divergence_Line_Width

The divergence is marked by a line on the indicator itself as well as on the price chart. You can adjust the width of the line to fit your screen.

Color of the Divergence

In the following parameters, you can set the color of the line for each divergence and color of the arrows.

Notifications

PO_Notifications

Here, you can set to receive notifications when a Perfect Order is detected by the indicator.

Divergence_Notifications

Here, you can set to receive notifications when a divergence is detected by the indicator.

Indicator Display

Ikoku RSI Perfect Order comes with a button which can quickly open or hide the indicator. It is especially useful if you are using multiple indicators or want to focus on the price chart for a moment. In the parameters you can set the name, size, position and visual attributes of the button to match your preferences. In this section, you can also set the size of the indicator window in pixels.

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Version 1.30 2022.03.31

Flex small bugs.

Version 1.20 2022.03.31

fixed small bugs.