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Coloured Parabolic SAR

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Published: 16 January 2025

Current version: 1.3

Coloured Parabolic SAR

Indicators
Moegamat Luqmaan Titus
Moegamat Luqmaan Titus
South Africa

1767
2 topics 3 comments
Version: 1.3
Updated: 30 January 2025

Overview:
The Coloured Parabolic SAR Indicator is a visually enhanced trading tool designed to make trend-following and trade identification easier. This customizable indicator provides clear visual cues with color-coded signals for bullish (buy) and bearish (sell) trends directly on your MT4 chart.

Key Features:

Color-Coded Signals:
- Lime green "o" symbol for Buy signals.
- Red "o" symbol for Sell signals.
Customizable Inputs:
- Adjustable Step and Maximum parameters to fine-tune the Parabolic SAR calculation.
- Customizable line width and colors to suit your trading style and chart appearance.
Simple and Effective Visualization:
- Easily identify bullish and bearish trends with distinct symbols plotted above or below the price candles.
- Helps you quickly assess market conditions at a glance.
Compatibility:
- Works on all MT4-supported symbols and timeframes.

Who Is It For?

Traders looking for a straightforward way to incorporate the Parabolic SAR into their trading strategy.
Ideal for trend-following strategies or as a confirmation tool alongside other indicators.

Inputs:

Step: Defines the sensitivity of the Parabolic SAR (default: 0.02).
Maximum: Sets the maximum value for the indicator (default: 0.2).
Line Width: Adjust the thickness of the plotted signals.
Line Color Up: Choose the color for bullish signals (default: Lime).
Line Color Down: Choose the color for bearish signals (default: Red).

How It Works:
The indicator calculates the Parabolic SAR values for each candle and displays:

Buy Signals: When the price closes above the SAR value, indicating a potential upward trend.
Sell Signals: When the price closes below the SAR value, indicating a potential downward trend.

Why Choose This Indicator?

Ease of Use: No clutter, just clear and concise signals.
Customizable: Tailor it to match your trading needs and chart preferences.
Versatility: Effective for scalpers, day traders, and swing traders alike.

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Smarter Support and Resistance Indicator The Smarter Support and Resistance Indicator is designed to enhance your technical analysis by automatically identifying key support and resistance levels on multiple timeframes, helping traders make informed decisions. This tool efficiently calculates the highest and lowest price points over a specified lookback period based on the most tested levels then calculates the average of those levels to dynamically plot them on your chart. This means that the s

50 USD

Dashboard.mq5 – The Ultimate All-In-One Trading Command Center In trading, time is money. Stop wrestling with clunky interfaces, scattered tools, and slow execution. **Dashboard** is not just a trade manager; it is a complete professional trading terminal designed for MT4. It combines execution, risk management, technical analysis, and market news into one lightning-fast, intuitive interface. Designed for the serious manual trader, Dashboard replaces your chart clutter with precision tools that

150 USD

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