Market / MetaTrader 4 / Indicators /

Double PSAR AM

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Published: 5 November 2023

Current version: 40.20

Double PSAR AM

Name: Double PSAR AM
Rating: 5 (1 reviews)
Author: Andrii Matviievskyi

Indicators
Andrii Matviievskyi
Andrii Matviievskyi
Ukraine

27395
4.6 (24)
14 products 13 topics 47 comments
Version: 40.20
Updated: 25 April 2026

This indicator is the author's implementation of the classic indicator Parabolic Support and Resist (PSAR).

A time-tested product that allows you to not only determine entry/exit points but also reasonable levels for setting protective stop orders.

The indicator has two customizable ranges, which allows you to identify long-term and short-term trends.

The indicator does not repaint on the data history.

The indicator has the ability to give signals and send notifications about them to e-mail and the terminal.

Customizable indicator parameters:

Smal_Step - step size for fast PSAR;
Smal_Maximum - step indent for fast PSAR;
Big_Step - step size for slow PSAR;
Big_Maximum - step indent for slow PSAR;
Fast_line_style - display style for the fast PSAR line;
Slow_line_style - display style for the slow PSAR line;
Fast_signal_IN_TREND - the indicator displays fast PSAR signals if they match slow PSAR signals;
Fast_signal_UN_TREND - the indicator displays fast PSAR signals even if they do not match slow PSAR signals;
Slow_signal - the indicator displays slow PSAR signals;
Fast_signal_style - display style for the fast PSAR signal;
Slow_signal_style - display style for the slow PSAR signal;
Alerts - the indicator displays a dialog box containing user data;
Send_Mail - the indicator sends an email to the address specified in the settings window on the "Mail" tab;
Send_Notification - the indicator sends a notification to mobile terminals whose MetaQuotes IDs are specified in the settings window on the "Notifications" tab.

Attention:

Please note that any market is constantly changing and there is no guarantee that methods that have been effective in the past will show the same results in the future.

To minimize potential losses, you should regularly optimize the product parameters, study the results of its work and withdraw part of the profit received.

It is recommended that before using the product on a real account, you test its work on a demo account in the same market and with the same broker where you plan to trade.

With respect and best wishes,

Andrii Matviievskyi

P.S.

If you liked this product, I would be grateful for a fair assessment - positive user reviews motivate the author, and reasonable criticism allows us to make products better.

I suggest visiting my page where you will find many unique author's works that are the result of many years of studying exchange trading and FOREX trading.

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2299

Mujeeb Abdul 2025.02.22 06:53 #

Nice Update very good visible entries thanks

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The trend is your friend. A simple truth known to every trader. The presented indicator allows you to visualize the current trend. The indicator identifies the trend using the following definition as an algorithm: A trend is a situation when each subsequent maximum price rise is higher/lower than the previous one, and similarly each subsequent maximum price fall is higher/lower than the previous one; The beginning of a new trend is considered to be when the current maximum/minimum overcomes all

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The presented product is a trend indicator of technical analysis that allows you to open a position at the very beginning of a significant price movement. The most important qualities of the presented indicator are: The ability to follow the trend for as long as possible to get all the potential profit; Minimization of potential losses in case of a trend reversal or significant correction. The indicator has a wide range of customizable parameters allowing it to be used effectively in any market.

FREE

The indicator improves the idea implemented in the standard Bulls and Bears indicator. This indicator displays the difference between the High and Low for the current period of time and the values of the channel constructed at the maximum and minimum prices, which are smoothed by Laguerre method. The growth of the indicator values above zero indicates that the High for the current period is greater than the average of the High prices. This situation in most cases indicates an increase in the

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This indicator is an interpretation of the Average Directional Movement Index (ADX), which helps to determine the presence of a price trend. It was developed and described in detail in the book "New Concepts in Technical Trading Systems" by Welles Wilder. The indicator determines entry points into the market, using the intersection of the +/- lines of the ADX indicator as a signal, as well as the rise or fall of the main line of the ADX indicator. Crossing the zero line by the indicator indicate

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This indicator displays signals on the price chart based on the classic indicator, the Money Flow Index (MFI). Volume is taken into account when calculating MFI values. The MFI can be used to identify overbought and oversold zones in the market. This indicator allows you to display several types of signals on the price chart: MFI crossing the midpoint between the overbought and oversold zones; MFI exiting the overbought or oversold zone; MFI entering the overbought or oversold zone; fast MFI and

30 USD

The presented indicator evaluates the volatility of a financial instrument and provides highly effective signals about moments of significant changes in the direction of price movement. The indicator is intuitive and easy to use. The indicator signal is generated after the completion of the formation of the bar on which the indicator changes its position relative to zero. The indicator never redraws the signal. The indicator signals must be confirmed by the price exceeding the maximum/minimum of

90 USD

The presented indicator implements the idea embedded in the classic technical analysis indicators - "Bulls" / "Bears" at a new level. The "Bulls or Bears AM" indicator displays the difference between the maximum and minimum prices for the current period of time and the values of the channel built on the maximum and minimum prices for a longer period. The growth of the indicator values above zero indicates that the maximum price for the current period is greater than the average value of maxi

30 USD

The presented indicator analyzes the direction of the short-term and long-term trend for specified periods, taking into account the volatility of the market. This approach allows combining high sensitivity of the indicator with a high probability of execution of its signals. The principle of use is extremely simple: the indicator histogram is greater than 0 - a buy signal / the indicator histogram is less than 0 - a sell signal. The indicator allows you to configure two types of parameters: fast

90 USD

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Mujeeb Abdul 2025.02.22 06:53 #

Nice Update very good visible entries thanks