CZ Parabolic SAR + MA

Sep 10

The "CZ Parabolic SAR + MA" indicator combines a Parabolic SAR (PSAR) and a Moving Average (MA) to generate buy and sell signals, with an optional noise filter based on the MA. Here's a breakdown of how to use the indicator and its key parameters:

Key Features:
Parabolic SAR helps identify potential reversals by plotting dots above or below the price.
Moving Average smooths out price action and can be shifted forward or backward.
Noise Filter can be toggled on/off to reduce signals when the price doesn't align with the moving average.
How to Use the Indicator:
Parabolic SAR:

Green dots: Indicate a potential buy signal when the PSAR crosses below the price.
Red dots: Indicate a potential sell signal when the PSAR crosses above the price.
Buy/Sell Signals:

BUY: Occurs when the PSAR crosses below the price, and the price is above the moving average (if the filter is enabled).
SELL: Occurs when the PSAR crosses above the price, and the price is below the moving average (if the filter is enabled).
Noise Filter:

If enabled, the indicator will only trigger buy/sell signals if the price is also aligned with the moving average (above for buy, below for sell).
Moving Average:

A simple moving average (SMA) is plotted as a green line on the chart.
The moving average can be shifted forward or backward using the "MA Shift" parameter.
Parameters Explained:
Parabolic SAR Step (Default: 0.02): Controls the sensitivity of the PSAR dots. A smaller step results in dots closer to price, while a larger step results in dots further away.
Parabolic SAR Max (Default: 0.2): The maximum step size the PSAR can reach. This affects how quickly the dots move in strong trends.
Moving Average Period (Default: 6): The number of periods used to calculate the simple moving average. Adjust this to smooth out price action more or less.
MA Shift (Default: 0): Shifts the moving average line. Positive values shift it forward, and negative values shift it backward.
Enable Moving Average Filter (Default: True): Enables or disables the noise filter. If enabled, buy/sell signals require alignment with the moving average.