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
Release Notes:
  • Added Buy/Sell alerts
  • Added Buy/Sell labels
Release Notes:
  • Fixed alert messages
Release Notes:
  • Converted to V4
  • Added long/short state highlighting
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Comments

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 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
+1 Reply
Thank you for sharing. I like your great scripts and am particularly impressed with the idea of volume-candle.
+2 Reply
tiamo3733 tiamo3733
@tiamo3733, I am sorry for my English.
+1 Reply
everget tiamo3733
@tiamo3733, thanks a lot, mate! Don't worry about your English - I am not a native speaker)
Reply
tiamo3733 everget
@everget, Oh, thank you very much. I think I've received too many favors from you.
+1 Reply
everget tiamo3733
@tiamo3733, well, you can support a poor developer with a modest donation - there is still a lot of work ahead)
+3 Reply
hi, can i use using indicator on 5MTF for trade
+1 Reply
everget Raziz11
@Raziz11, yep, why not?
Reply
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