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
Aug 03
Release Notes:
  • Added Buy/Sell alerts
  • Added Buy/Sell labels
Aug 08
Release Notes:
  • Fixed alert messages
Oct 12
Release Notes:
  • Converted to V4
  • Added long/short state highlighting
Remove from Favorite Scripts Add to Favorite Scripts
A list of Free indicators: https://bit.ly/2S7EPuN
A list of Paid indicators: https://bit.ly/2SQOhDF

Tip Jar
PayPal: https://www.paypal.me/alexeverget
BTC: 1FkyXRuR3wDjH1PrPAgvNVMaDoupJQZXi7
ETH: 0x2393f8a932828ef0274ebbc4f873152837d3ab5b
Thx for sharing. i think your indicator most useful ind. about psar on tradingview.
+1 Reply
everget altcointraderr1
@altcointraderr1, thank you, sir!
Reply
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
Reply
everget hannajhajjar
Reply
@everget, you’re the man! thank you so muck, I really appreciate it. Now let me play a little bit with it
Reply
great job,thanks for sharing :)
+1 Reply
everget cuyabrito
@cuyabrito, no problemo!
Reply
Alerts seem to be messed up. Did an alert on candle close and was alerted but there was no signal?
+1 Reply
everget AlishaK_
@AlishaK_, I don't understand your case. What's wrong with alerts?
Reply
@everget, I have set the direction trend alert and on some alerts there is no visual or the alert turns out to be false (no change in direction at all)
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out