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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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
great job,thanks for sharing :)
+1 Reply
everget cuyabrito
@cuyabrito, no problemo!
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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?
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@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
everget AlishaK_
@AlishaK_, Okay sir, could you provide ticker and timeframe so I can reproduce that issue?
Reply
@everget, I figured it out. It was the changing data on my end with Tradingview. Thank you tho!
+1 Reply
Parabolic SAR
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everget behnamadam
@behnamadam, this is not index, this is indicator. Use "Reply" button to continue the discussion or private messages.
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