
The Parabolic RSI Alert is a powerful indicator that combines the precision of Relative Strength Index (RSI) with the dynamic trend-following capabilities of a custom Parabolic SAR. This unique fusion helps traders identify high-probability reversal points with clear visual signals and real-time alerts.
Usage Notes:
- The indicator works best on 1H+ timeframes
- Strong signals occur when reversals happen in overbought/oversold zones
- Regular signals appear when reversals occur outside extreme zones
- SAR points only plot when
Display SAR
is enabled - Combine with price action and other indicators to confirm entry and exit points(Optional).
Ideal for traders who:
- Want to reduce lag in traditional RSI analysis
- Need clear visual & audible alerts for timely entries
- Prefer mechanical signals over subjective chart reading
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