ICHIMOKU-DMI-RSI-setup
Updated
DMI top of sticks red- go short or sell
DMI top of stick green - go long or cover
If DMI is above 20 --- if the opposite tip color appears after entry, that is possible sell signal.
If DMI is below 20 no trade- wait for it to go above, then watch what color the tips are on the sticks for direction.
RSI watch for tops / bottoms for possible buy/sell & short/cover areas
helpful BUY / SELL triangles triggered after breaking out of cloud above or below
I use this on a 1 min , 3 min, 5 min and 15 min chart for daytrading {mostly 1 min- my style of trading)
DMI top of stick green - go long or cover
If DMI is above 20 --- if the opposite tip color appears after entry, that is possible sell signal.
If DMI is below 20 no trade- wait for it to go above, then watch what color the tips are on the sticks for direction.
RSI watch for tops / bottoms for possible buy/sell & short/cover areas
helpful BUY / SELL triangles triggered after breaking out of cloud above or below
I use this on a 1 min , 3 min, 5 min and 15 min chart for daytrading {mostly 1 min- my style of trading)
Note
explanation of dmi
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