The Parabolic-RSI Indicator

How to Code the Parabolic-RSI in TradingView

The Parabolic Stop-and-Reverse is a trend following indicator that helps filter the trending moves. It is a widely used indicator and comes in the form of an overlay line (or dots) that follow the price action. This article discusses a way of transforming this indicator into a contrarian one for fun.

The Fibonacci Trading Book is finally out! Filled with…