• Overview
  • Reviews (2)
  • Comments (4)
  • 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
132
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
54
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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With this Expert Advisor you will follow the sound trading principle Buy Low and Sell High by default ! And you can do that even with a normal day job . You will be even able to trade on lower timeframes which you could never do without such an Expert Advisor. And the best thing is that you are in control! You can tell the Edge Zone EA where it has to enter and where it has to exit. And you can do that even many hours before the trade will occur . This EA is therefore an excellent assistant for
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drwhiz
132
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
54
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.