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Parabolic RSI Strategy [ChartPrime × PineIndicators]

This strategy combines the strengths of the Relative Strength Index (RSI) with a Parabolic SAR logic applied directly to RSI values.
Full credit to ChartPrime for the original concept and indicator, licensed under the MPL 2.0.
It provides clear momentum-based trade signals using an innovative method that tracks RSI trend reversals via a customized Parabolic SAR, enhancing traditional oscillator strategies with dynamic trend confirmation.
How It Works
The system overlays a Parabolic SAR on the RSI, detecting trend shifts in RSI itself rather than on price, offering early reversal insight with visual and algorithmic clarity.
Core Components
1. RSI-Based Trend Detection
2. Parabolic SAR Applied to RSI
3. Signal Generation
Trade Modes & Controls
Visual Features
1. RSI Plotting with Thresholds
2. Parabolic SAR Overlay on RSI
3. Entry & Exit Markers
Strategy Strengths
Recommended Use Cases
Customization Options
Conclusion
The Parabolic RSI Strategy [ChartPrime × PineIndicators] is an innovative, non-repainting momentum strategy that enhances RSI-based systems with trend-confirming logic using Parabolic SAR. By applying SAR logic to RSI values, this strategy offers early, visualized, and filtered entries and exits that adapt to market dynamics.
Credit to ChartPrime for the original methodology, published under MPL-2.0.
Full credit to ChartPrime for the original concept and indicator, licensed under the MPL 2.0.
It provides clear momentum-based trade signals using an innovative method that tracks RSI trend reversals via a customized Parabolic SAR, enhancing traditional oscillator strategies with dynamic trend confirmation.
How It Works
The system overlays a Parabolic SAR on the RSI, detecting trend shifts in RSI itself rather than on price, offering early reversal insight with visual and algorithmic clarity.
Core Components
1. RSI-Based Trend Detection
- Calculates RSI using a customizable length (default: 14).
- Uses upper and lower thresholds (default: 70/30) for overbought/oversold zones.
2. Parabolic SAR Applied to RSI
- A custom Parabolic SAR function tracks momentum within the RSI, not price.
- This allows the system to capture RSI trend reversals more responsively.
- Configurable SAR parameters: Start, Increment, and Maximum acceleration.
3. Signal Generation
- Long Entry: Triggered when the SAR flips below the RSI line.
- Short Entry: Triggered when the SAR flips above the RSI line.
- Optional RSI filter ensures that:
Long entries only occur above a minimum RSI (e.g. 50).
Short entries only occur below a maximum RSI. - Built-in logic prevents new positions from being opened against trend without prior exit.
Trade Modes & Controls
- Choose from:
Long OnlyShort OnlyLong & Short - Optional setting to reverse positions on opposite signal (instead of waiting for a flat close).
Visual Features
1. RSI Plotting with Thresholds
- RSI is displayed in a dedicated pane with overbought/oversold fill zones.
- Custom horizontal lines mark threshold boundaries.
2. Parabolic SAR Overlay on RSI
- SAR dots color-coded for trend direction.
- Visible only when enabled by user input.
3. Entry & Exit Markers
- Diamonds: Mark entry points (above for shorts, below for longs).
- Crosses: Mark exit points.
Strategy Strengths
- Provides early momentum reversal entries without relying on price candles.
- Combines oscillator and trend logic without repainting.
- Works well in both trending and mean-reverting markets.
- Easy to configure with fine-tuned filter options.
Recommended Use Cases
- Intraday or swing traders who want to catch RSI-based reversals early.
- Traders seeking smoother signals than price-based Parabolic SAR entries.
- Users of RSI looking to reduce false positives via trend tracking.
Customization Options
- RSI Length and Thresholds.
- SAR Start, Increment, and Maximum values.
- Trade Direction Mode (Long, Short, Both).
- Optional RSI filter and reverse-on-signal settings.
- SAR dot color customization.
Conclusion
The Parabolic RSI Strategy [ChartPrime × PineIndicators] is an innovative, non-repainting momentum strategy that enhances RSI-based systems with trend-confirming logic using Parabolic SAR. By applying SAR logic to RSI values, this strategy offers early, visualized, and filtered entries and exits that adapt to market dynamics.
Credit to ChartPrime for the original methodology, published under MPL-2.0.
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开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。