Parabolic SAR plus
Parabolic SAR plus is a simple indicator that lets you know when the Parabolic-Sar might turn its direction.
- For long-term-trends activate an moving average and set a trend-value in these indicator
- Notice comes via screen-alert, email and notification
- MA, MA-Channel (high / low)
- alert, push-notification, arrows, send email
- Signal after close, no repaint, no cross-over signal
- best Timeframes: H1
- all Major-Forex-Pairs
- Send custom email header
- Look for an instrument with an obvious upcoming movement in a clear direction on a higher timeframe.
- Entry after an Arrow => waiting for the pull back or wait for a second higher / lower candle, plus / minus a few pips.
- alternative Entry: the last point of the Parabolic-SAR
- Exit example => after a trailing stop (take the distance between SL and Entry).
- Exit example => major Fibonacci and dynamic support/resistance Lines. Use the same to move your stop and for taking first profits.
- If the trade still runs, ignore further arrows, when trendfilter is active
- SL below/above the second higher/lower candle.
- Bars to process - the number of bars of the chart you want to be analyzed (60 to 1000 is recommended).
- Alert - activates the pop-up alerts.
- Alert - the chosen info will be in the header and the first line of an email, if Email is enabled.
- Email - if true, it shows the selected info in header and the first line of the email.
- Notification - if true, it sends the alert to the MT4 APP of your smartphone.
- Arrow Style - choose a arrow style = thin, cross, normal, hollow, Thumbs, Triangle.
- Arrow Position - default is 0.6. Nice to have if you compare settings with a second/third indicator.
- Parabolic Sar Step - value for Step.
- Parabolic Sar maximum - value for Maximum.
- MA Filter - Value of the MA-filter
- MA Shift - Value of the Shift for the MA-filter
- MA Mode - mode for the MA-filter
- MA Price long - price for the upwards direction of the MA-filter
- MA Price short - price for the downwards direction of the MA-filter
- I don't trade after over-size-candles
- I only go for a clear trend on the higher timeframe
- I stay out before high-impact news hit the market
- Always on my mind, major Support and Resistance
- No trade without money-management, please calculate your risk, trade smart
- There is no guarantee of success as in any trading business / in my examples above