Cagliostro wrote: Mon Jun 30, 2025 9:03 am
PARABOLIC RSI
The Parabolic RSI indicator merges the power of Parabolic SAR with RSI momentum analysis by plotting SAR calculations directly onto the RSI oscillator. This approach identifies potential reversals more precisely than traditional RSI extremes. By incorporating the Parabolic SAR's trend-following logic, the indicator filters out false signals and delivers cleaner entry and exit points.
Signal Types:
-Large Squares: These appear when the Parabolic SAR reverses while RSI is in extreme territory (above 70 or below 30). Such signals indicate strong reversal potential with higher success rates.
-Small Squares: Generated during SAR reversals within the neutral RSI zone (30-70). These suggest minor pullbacks or continuation patterns, ideal for scaling positions or trend-following strategies.
Key Benefits:
-Combines momentum and trend analysis in one window, eliminating the need to monitor multiple indicators separately.
-Displays identical signals on both the oscillator panel and main chart, allowing seamless price action monitoring without constant window switching.
-Enhances traditional candlestick patterns by providing mathematical confirmation through RSI-SAR convergence.
-Fully customizable parameters including RSI length, SAR acceleration settings, and overbought/oversold levels to match any trading approach or market condition.
-Comprehensive alert system featuring popup notifications, audio signals, email messages, and mobile push alerts for real-time signal tracking.
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Sep 15 Update, download it again.
- Fixed small memory allocation bug and improved overall structure.
- Added Quantum Color Theme system with predefined color templates (Ice, Gold, etc.)
- Implemented color customization when Color Template is set to NONE