Parabolic RSI for MT5

• Parabolic SAR Applied to RSI – Tracks momentum shifts within the RSI indicator.
  
• Dynamic SAR Dots – Plots SAR levels directly on the RSI for visual clarity.

Figure 1

• Threshold-Based Signal Filtering – Uses upper (70) and lower (30) RSI levels to determine strong signals.
  
• Simple and Strong Signal System:
  Big Arrow (Strong Signals) – Appear when Parabolic SAR crosses above 70 or below 30 RSI, indicating potential reversals.
  Normal Arrow (Regular Signals) – Appear when Parabolic SAR flips inside the RSI range, signaling weaker trend shifts.

Figure 2

• Chart Overlay Signals – Highlights strong RSI-based trend shifts directly on the price chart.
  
• Fully Customizable – Modify RSI length, SAR parameters, colors, and signal displays.
  

• Look for strong signals (big diamonds) when SAR flips above 70 RSI (overbought) or below 30 RSI (oversold) for potential reversals.
  
• Use regular signals (small diamonds) for minor trend shifts within the RSI range.
  
• Combine with price action and other indicators to confirm entry and exit points.
  
• Adjust the SAR acceleration factors to fine-tune sensitivity based on market conditions.