Moving Average Stop and Reverse (MASAR) [cI8DH] — Indicator by cI8DH

This indicator is an alternative to Parabolic Stop and Reverse indicator. It is primarily used to identify points of potential stops and reverses.

Instead of using a static parabolic curve, this indicator adjusts dynamically based on the changes in moving average of the price. Read here to learn more about the usage of this indicator.

I tested the strategy version of this indicator on Bitstamp:BTCUSD and compared the results to the Parabolic SAR. I changed the settings on both indicators to achieve the best results on each indicator. This indicator outperformed the Parabolic SAR by a large margin.

You need to calibrate the indicator depending on the asset and time frame. It works best in trending markets.

Release Notes:

added exponential MA type

Release Notes:

- changed the line type to solid line

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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