• Overview
  • Reviews (2)
  • Comments (3)
  • What's new

Advanced Parabolic SAR Scanner

5

This scanner shows the trend values of the well known indicator Parabolic SAR for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes.


Important Information

How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074


You have many possibilities to use the scanner. Here are two examples:

  1. With this scanner you can trade a top-down approach easily. If two higher time frames e.g. W1 and D1 are already showing green values (upward trend) but the H4 time frame shows a red value (downward trend) then you can press the H4 button to get alerted when the value of the H4 time frame changes to green value. These signals can be good trend continuation entries.
  2. You can also use this scanner for entry signals into MACD divergences. E.g. a bullish divergence exist on H4 but the SuperTrend values of the time frames H4 and H1 are still showing red values, then you can get alerts in the moment when the H4 or H1 value changes to green. These signals can be good entries in direction of the divergence.


Parameters

  • sar_Step: the step setting for the calculation of the Parabolic SAR
  • sar_Maximum: the maximum setting for the calculation of the Parabolic SAR
  • alertsViaMT4: True = Yes, False = No - if true, then the indicator gives alerts via MetaTrader 4 popup
  • alertsViaEmail: True = Yes, False = No - if true, then the indicator gives alerts via email
  • alertsViaPush: True = Yes, False = No - if true, then the indicator gives alerts direct to your mobile phone
  • templateName: - if you press a button on the chart (which contains the name of an instrument), then the appropriate chart will open and a template with the specified name will be attached
  • checkEveryXSeconds - every X seconds, the indicator checks the next instrument/timeframe for the values of the Parabolic SAR
  • i1-i30 - define up to 30 instruments, which will be monitored/checked
Reviews 2
drwhiz
107
drwhiz 2021.11.15 11:04 
 

very useful tool and easy to use. Saves me plenty of time each day trying to scan various TFs over various pairs. Once the alert is shown, then i just zoom in on the exact entry TF and place my trades, thanks alot!!

go_jack
59
go_jack 2020.12.02 02:55 
 

Bought this scanner a couple of months ago and it works great... Easy to use and very accurate and customizable... If you use the SAR signal you will love this.

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Or (TDO)  which is an index that measures the price rate of change using the principle of " Pure Momentum ". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then the price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" give higher readings for ascending price movements than those given to descending ones. TDO fixes this problem to help traders at re
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Descption: The Volume Profile displays detailed informations of historical trading activities at certain price levels (Market Profile). So you can locate the areas with the best prices in the market and get an advantage about other market participants. Features: Customizable Volume Profile / Market Profile Shows the "fair" Value Area with 70% of all Volume Shows critical low volume zones Shows VPOC, VAL and VAH Points Works on all timeframes Also available for MT5 ( https://www.mql5.com/en/m
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This indicator is designed to detect the best divergences between price/MACD and price/RSI. MACD and RSI produce by far the best divergence signals therefore this indicator focus on those two divergences. This is the FREE version of the indicator: https://www.mql5.com/en/market/product/28375 Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 The free version works only on EURUSD and GBPUSD! This indicator scans for you
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This indicator is designed to detect the best of all candlestick reversal patterns: Three Line Strike . According to the bestselling author and candlestick guru Thomas Bullkowski, this pattern has a winning percentage between 65% and 84% . This FREE Version of the Scanner scans only EURUSD and GBPUSD. The full version of the scanner can be found here: Three Line Strike Scanner 30 Instruments This indicator scans for you up to 30 instruments (forex, indices or commodities) on up to 8 timeframes.
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This indicator is designed to detect the best divergences between price/MACD and price/RSI. MACD and RSI produce by far the best divergence signals therefore this indicator focus on those two divergences. This indicator scans for you up to 30 instruments and up to 8 timeframes for bullish and bearish divergences. You need to add the indicator only to one single chart ! The indicator will then automatically scan all configured instruments and timeframes. Important Information How you can maximi
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This scanner shows the trend values based on crossovers of two moving averages for up to 30 instruments and 8 time frames. You can get alerts via MT4, Email and Push-Notification as soon as the direction of the trend changes. This is the FREE version of the indicator: https://www.mql5.com/en/market/product/29159 Important Information How you can maximize the potential of the scanner, please read here: www.mql5.com/en/blogs/post/718074 You have many possibilities to use the scanner. Here are
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With the MACD Multi Time Frame indicator, you can spot divergences of higher timeframes while you are searching for pinpointed entries on lower timeframes. This FREE version of the indicator works only on EURUSD and GBPUSD. The full version of the indicator can be found here: MACD Multi Time Frame This blog post gives you REAL-TIME MACD Divergence Analysis for FREE and tips how to trade the divergences: REAL-TIME MACD Divergence Analysis The MACD Multi Time Frame gives you a very good overview o
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This indicator is designed to detect high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Double top and bottom patterns are chart patterns that occur when the trading instrument moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). The patterns usually occur at the end of a trend and are used to signal trend reversals very early. What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double To
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drwhiz
107
drwhiz 2021.11.15 11:04 
 

very useful tool and easy to use. Saves me plenty of time each day trying to scan various TFs over various pairs. Once the alert is shown, then i just zoom in on the exact entry TF and place my trades, thanks alot!!

go_jack
59
go_jack 2020.12.02 02:55 
 

Bought this scanner a couple of months ago and it works great... Easy to use and very accurate and customizable... If you use the SAR signal you will love this.

Reply to review
Version 1.6 2019.10.06
Small bug fix regarding: Automatic detection of "suffix" and "prefix" in instrument name
Version 1.5 2019.10.02
Automatic detection of "suffix" and "prefix" in instrument name
Version 1.4 2019.10.01
Changes in pre-configured instrument names.
Version 1.3 2018.10.17
Better error messages / solution explanation when symbol names don't match
Version 1.2 2018.05.29
Automatic setting of chart properties like colors and scale fix. Better user experience. No manual configuration of the chart properties needed anymore.