Parabolic RSI Flip

The indicator applies Parabolic SAR logic on RSI values, and plots a signalonly when the SAR flips direction relative to RSI.

This indicator replicates the logic of a well-known custom indicator available on TradingView, used by the "ChartPrime" community.

Parabolic RSI Expert Advisor – Specification
Platform: MetaTrader 4 (MT4)
Name: Parabolic RSI EA

Description:
This EA uses the signals from the Parabolic RSI Flip Signals indicator to execute trades automatically.

Trade Entry Conditions:
Buy trade:

• An oversold flip signal is triggered (SAR flips below RSI)

Sell trade:

• An overbought flip signal is triggered (SAR flips above RSI)

User Inputs:

• TakeProfit (default: 300 points)

• StopLoss (default: 90 points)

• Lot size or risk per trade (optional input)

• SignalType (same as indicator):
  0 = Use all signals
  1 = Only overbought signals
  2 = Only oversold signals