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
  

Notes de version:

• Update