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SAR_Oscillator2.mq5 (8.46 KB) view

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SAR Oscillator 2 is a second version of SAR Oscillator.

It has two adjustable parameters:

Calculations:

OscSAR = SAR - Сlose

where

SAR - Parabolic SAR(SAR step, SAR maximum)

The histogram values above zero are bearish:

When the histogram bar values rise, this indicates a fast downward movement, and the histogram bars are colored in orange.
When the histogram bar values fall, this indicates a downward movement stop or a correction, and the histogram bars are colored in light-orange.

The histogram values below zero are bullish:

When the histogram bar values fall, this indicates a fast upward movement, and the histogram bars are colored in blue.
When the histogram bar values rise, this indicates an upward movement stop or a correction, and the histogram bars are colored in light-blue.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22802

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