everget

Parabolic SAR

This is a redesign of the built-in Parabolic SAR indicator. I added a proper input system, an option to highlight initial points for both lines and an option to choose points width. So, customize it as you want.

Parabolic SAR was originally developed by J. Welles Wilder and described in his book "New Concepts in Technical Trading Systems" (1978). It is a trend-following indicator that can be used as a trailing stop loss.

To know which settings for PSAR are the most profitable on your instrument and timeframe you can use this tool

Profitable Parabolic SAR
Notes de version:
  • Added Buy/Sell alerts
  • Added Buy/Sell labels
Notes de version:
  • Fixed alert messages
Notes de version:
  • Converted to V4
  • Added long/short state highlighting
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Commentaires

Hello @everget, thank you for the hard work and sharing with the community. Is it possibe to make an strategy out of it so we can run a test ?
Thank you in advance
+2 Répondre
everget hannajhajjar
Répondre
@everget, you’re the man! thank you so muck, I really appreciate it. Now let me play a little bit with it
+1 Répondre
Thank you for sharing. I like your great scripts and am particularly impressed with the idea of volume-candle.
+2 Répondre
tiamo3733 tiamo3733
@tiamo3733, I am sorry for my English.
+1 Répondre
everget tiamo3733
@tiamo3733, thanks a lot, mate! Don't worry about your English - I am not a native speaker)
Répondre
tiamo3733 everget
@everget, Oh, thank you very much. I think I've received too many favors from you.
+1 Répondre
everget tiamo3733
@tiamo3733, well, you can support a poor developer with a modest donation - there is still a lot of work ahead)
+3 Répondre
hi, can i use using indicator on 5MTF for trade
+1 Répondre
everget Raziz11
@Raziz11, yep, why not?
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