Parabolic RSI Strategy [ChartPrime × PineIndicators]

Parabolic RSI Strategy [ChartPrime × PineIndicators] at a glance

Kind of rule	A gauge with a line (momentum oscillator)
Buys or sells	It can buy, and it can bet on falling prices.
Built on	Parabolic SAR, RSI
Where it was published	TradingView, by its author, as a Pine Script strategy
Tested on	68 cells: 15 coins, October 2021 to June 2026, no fee
Cells that placed a trade	54 of 68
Middle result before fees	−0.0%
Cells above zero	0 of 54
Middle drawdown before fees	15.4%
Page updated	2026-11-08

Parabolic RSI Strategy [ChartPrime × PineIndicators] backtest results, every cell

Every cell is in the picture, not only the strongest. To the right of the black line is above zero. The orange line, when you see one, is the middle.

How Parabolic RSI Strategy [ChartPrime × PineIndicators] works

Rules in this group usually work like this. It reads a gauge such as RSI, a number that swings between low and high, and it acts when that gauge crosses a line the author chose. Those lines are the rule. Move the lines and the result can change. The next paragraph is this particular rule, which can be narrower than the group.

It can buy, and it can bet on falling prices. It acts only when several checks agree at once. It leans on RSI; those names are explained on their own pages, further down. The exact line is in the list below, in the author's names, and you can skip that list. It gets out when a position is open.

Each trade uses 20 percent of the account. It holds one trade at a time.

The exact condition, from the code

Same rule, translated from the code, in the author's names. You can skip this list if the paragraph above was enough.

• Enters long when the change in is below and is below and (not (Enable RSI filter (off)) or the 14-period RSI of the close is at or above Long only if RSI ≥ (50)) and Trade direction (Long & Short) differs from 'Short Only' and no long position is open.
• Enters short when the change in is below and not (is below) and (not (Enable RSI filter (off)) or the 14-period RSI of the close is at or below Short only if RSI ≤ (50)) and Trade direction (Long & Short) differs from 'Long Only' and no short position is open.
• Closes the position when a position is open.
• Closes the position when the change in is below and is below and (not (Enable RSI filter (off)) or the 14-period RSI of the close is at or above Long only if RSI ≥ (50)) and Trade direction (Long & Short) differs from 'Short Only' and no long position is open and a short position is open.
• Closes the position when the change in is below and not (is below) and (not (Enable RSI filter (off)) or the 14-period RSI of the close is at or below Short only if RSI ≤ (50)) and Trade direction (Long & Short) differs from 'Long Only' and no short position is open and a long position is open.

Buys or sells	It can buy, and it can bet on falling prices.
Tools it calculates	Parabolic SAR, RSI
A second chart speed	No. It uses one chart speed only.
Only at certain hours	No.
Adding to a trade	It holds one trade at a time.
How much it trades	Each trade uses 20 percent of the account.
Cost the author assumed	The author assumed a trading cost of 0.01 percent per side.

Default settings

The test used the defaults in the middle column. Nothing was turned to help a coin.

Setting	Default	Group
RSI length	14	RSI
RSI upper threshold	70	RSI
RSI lower threshold	30	RSI
Show SAR dots	on	SAR
Start	0.02	SAR
Increment	0.02	SAR
Maximum	0.2	SAR
Trade direction	Long & Short	Strategy options
Reverse on opposite signal	off	Strategy options
Enable RSI filter	off	RSI filter
Long only if RSI ≥	50	RSI filter
Short only if RSI ≤	50	RSI filter

How the backtest was run

Every strategy was tried the same way, on the settings the author published.

The years are October 2021 to June 2026. The prices are from Bybit, for 13 widely traded coins, mostly on hourly, 4-hour and daily charts, with some faster charts. That was 47,242 tries. The window stored in the files is 2021-09..2026-06.

599 rules produced a finished try. A rule that finished above zero on at least 12 cells, before any fee, was tried again with a fee of 0.12 percent per side. Only buys are counted in that second try. 273 rules got it.

The method, the aggregate results and a downloadable table are on the study page. What the desk does with the results beyond these pages is its own.

Before any fee, it was tried on 68 cells. It placed a trade on 54 of them. 0 of the cells that traded finished above zero (0.0%).

It was not run a second time with a fee. That second pass happens only when at least 12 cells finished above zero before fees. 273 rules got that pass.

Cells tried	68
Cells that placed a trade	54
Finished above zero	0 (0.0% of the cells that traded)
Middle result, before fees	−0.0%
Strongest cell, the top of the range	BNB daily: −0.0%
Weakest cell, the bottom of the range	ADA daily: −1.5%
Middle drawdown, before fees	15.4%

Label: backtest · old prices, zero commission · Oct 2021 – Jun 2026. Hypothetical results; see the risk disclosure.

How to read the result

How to read the number

The median of every cell that traded is the result. No fee has been taken off, so the number is a ceiling. A fee comes off each trade, and this page does not guess that cost, because this rule did not get the second pass where the fee is applied. The weakest and the strongest cells are not a result on their own.

The middle drawdown, on the cells that traded, was 15.4%.

What this does not show

The useful question is what happens if the author's lines are moved a little. If the result changes a lot, the result is the lines.

Nothing on this page was fit to the cell that finished highest. One coin, one chart speed, or one strong stretch is a single row. It is not the rule. Other years, another exchange, or another fee would be a different measurement.

Questions about Parabolic RSI Strategy [ChartPrime × PineIndicators]

Words used on this page

Backtest

The rule was tried on old prices. No real money moved.

Cell

One coin on one chart speed. Bitcoin every 4 hours is one cell. Bitcoin once a day is another.

Chart speed

How often a new price bar is drawn. 15m means every 15 minutes, 1h means hourly, 4h means every 4 hours, 1D means once a day.

Fee, per side

A cost taken each time the rule trades. Per side means once on the way in and once on the way out.

Median

Line the cells up from the biggest loss to the biggest gain. The median is the middle one. Half the cells did better and half did worse.

Drawdown

The deepest fall from a high point along the way, as a percent of the account at that high.

Above zero

The account finished with more than it started.

The indicators Parabolic RSI Strategy [ChartPrime × PineIndicators] uses

Each has its own page: what it measures, how it is read, where it misleads.

• Parabolic SAR: the accelerating stop-and-reverse system
• RSI (relative strength index): the formula, the 70/30 rule, and why it misleads in trends

"Parabolic RSI Strategy [ChartPrime × PineIndicators]" was published on TradingView by its author, under the author's own license. This page is an independent reading of those rules and of what they did on these old prices. It is not written with the author, and it is not a recommendation. Not every detail survives the translation onto this page, so read the original before you rely on it.