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Parabolic SAR indicator is used on the markets with changing trend directions for calculating the most efficient market entry/exit points. Its main objective is stop loss level calculation. A stop loss is calculated for each candle using the previous bar data. One of the indicator advantages is that a stop level can be defined for the next bar before it is opened. In general, trading method involving Parabolic SAR indicator is quite simple. If the price level exceeds the indicator, open long po
Morning flat indicator. This indicator displays boundaries of a morning flat with a rectangle according to time specified in the settings. Using the High and Low prices of the determined flat, it plots a two-sided Fibonacci grid. The indicator can be used in a trade system based on a breakthrough of a flat. It can be also used for placing take profits according to a grid. Main parameters of the indicator: Flat Start Time Flat End Time
The main purpose of the Overloaded Candles indicator is displaying common and Heiken Ashi candlesticks. The indicator also colors the overbought and oversold zones according to the signals from embedded indicators. The input parameters are the candlestick types to be displayed: Common OHLC candlesticks Heiken Ashi candlesticks It is recommended to use the indicator for exiting from a position or for determining when to enter using a correction.