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
Release Notes:
  • Update
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
A list of Free indicators:
https://bit.ly/2S7EPuN

A list of Paid indicators:
https://bit.ly/33MA81f

Earn $30:
https://www.tradingview.com/gopro/?share_your_love=everget

Toss a coin to your witcher:
https://www.paypal.me/alexeverget

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
+5 Reply
everget hannajhajjar
+1 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
Hi! Can be used for Week or Montly timeframes?
+3 Reply
@everget Thanks very much for the script. Can you explain how to setup a alert in Trading view that will alert us when there is a Buy sign. What conditions to use ?
+2 Reply
everget bala1989
@bala1989, Hi, use PSAR Long condition in the alerts dialog
Reply
bala1989 everget
@everget, So the condition should be like

BTCUSD
Crossing
PSAR Long start

if i want to setup for BTCUSD ticker.
Reply
bala1989 everget
@everget, Thanks very much :)
Reply
Thank you for sharing. I like your great scripts and am particularly impressed with the idea of volume-candle.
+2 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter