This new indicator (which can be added to the chart with this system) can give/show the idea about which signal to enter is valid and which one is false signal.By the color:
SAR Color Filling Right zone - indicator for MetaTrader 5
Additional style DRAW_FILLING to the iSAR indicator (Parabolic SAR, SAR). Filling the area between the price and the iSAR indicator. Additionally (on the right side) a rectangle is drawn - this rectangle repeats the fill area.
And just to remind about how to trade:
Forum on trading, automated trading systems and testing trading strategies
PriceChannel Parabolic system
Sergey Golubev, 2013.02.05 18:08
Just an explanation about how to trade (see image below):
Sergey Golubev, 2022.04.18 13:03
PriceChannel_Signal_v2 EA - expert for MetaTrader 5
The custom indicator 'PriceChannel_Signal_v2' ( I took the indicator here ) generates several signals: two types of signals to open a 'BUY' position, two types of signals to open a 'SELL' position, one signal to close 'BUY' and one signal to close 'SELL'. No Stop Loss, No Take Profit, No Trailing.
Sergey Golubev #: I checked it - it does not repaint on close bar for big red/blue dots.Besides, EA was created based on this indicator (look at my post above) so it means that indicator does not repaint.
I checked too and it repaints, but I checked on tester and not with standard settings, and also I noticed repaint on exit signals only, but I guess it does repaint also other signals. You should check with very low numbers in settings, because you need a frequent signal to notice the repaint, it doesn't repaint always but only sometimes.
Parabolic SAR indicator
Sergey Golubev, 2022.06.20 18:51
SAR Color Alert - indicator for MetaTrader 5
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