• Overview
  • Reviews (1)
  • Comments (1)
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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


Filter

  • MA, MA-Channel (high / low)


Alerts

  • alert, push-notification, arrows, send email


Advantages

  • Signal after close, no repaint, no cross-over signal
  • best Timeframes: H1
  • all Major-Forex-Pairs
  • Send custom email header


Important rule

  • 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.


Input parameters

  • Bars to process - the number of bars of the chart you want to be analyzed (60 to 1000 is recommended).
  • Time-Zone you will see in your Email-Alert with Date and Time
    • Broker Time
    • Local Time
    • UTC / GMT Time
  • 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 the 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
  • upper MA Filter - Value of the upper MA-filter
    • upper MA Shift - Value of the Shift for the upper MA-filter
    • upper MA Mode - mode for the upper MA-filter
    • upper MA Price - price for the upper MA-filter
if you like to follow 1 or 2 or 3 upper timeframes,
multiplicate the favorite trend MA, e.g. you trade H1 with a 20 MA trend-filter

and watch the H4 with a 20 MA trend-filter, which means 4 x 20 = set 80 MA for the 1. upper MA

and watch the D1 with a 20 MA trend-filter, which means 24 x 20 = set 480 MA for the 2. upper MA

for the 3. upper MA - whatever you like or take the last value if you follow just 2 upper MAs

If you believe in the upper direction, you should :-)


Recommendations

  • 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












Reviews 1
RBC1234
173
RBC1234 2020.07.09 11:44 
 

Hi, I really like this indicator. However, I don't understand the purpose of this new upgrade. What are the new 3 MAs for? BR Rui

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RBC1234
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RBC1234 2020.07.09 11:44 
 

Hi, I really like this indicator. However, I don't understand the purpose of this new upgrade. What are the new 3 MAs for? BR Rui

Reply to review
Version 20.110 2020.11.01
added a new feature => "Time-Zone sending via E-Mail-Alert"
choose the Time-Zone you will see in your Email-Alert
- Broker Time
- Local Time
- UTC / GMT Time

bugfix "signal comes, but arrows appear within the third candle" has been fixed
Version 20.101 2020.10.23
The following issue has been fixed:
consecutive arrows in the same direction, if one of the next Parabolic-Sar - values in the same direction is lower than the one before (up-trend) and vs;
Version 20.71 2020.07.09
- added switch to separate the Trend MA form the upper trend MAs
Version 20.7 2020.07.05
added 3 additional Trend MAs
Parabolic-SAR Values set to default
code revised