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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












Comentarios 1
RBC1234
136
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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Before reading the description of this indicator, I just want to introduce to you following concept * MOVING AVERAGE LINE - Typical moving average which is based on one chart alone. * CURRENCY STRENGTH LINE - The moving average of a certain pair in which the strength is based on 28 pairs. Can be said as the REAL MOVING AVERAGE LINE. Moving Average indeed is one of the most popular indicator which almost every trader use. It can clearly give us where the trend of a pair is going. But the fact s
120 USD
BestSignals BinaryOptions
Ivan Frolov
Ready-made strategies for binary options! This indicator will allow you to trade binary options, you can also use it for Forex as an assistant in trading. When the signal is generated, an arrow appears. If the signal is active, then the arrow remains after the close of the bar; if the signal is not strong enough, the arrow disappears. With a small number of signals and a small trading time, you will not need to sit all day at the computer, especially since you can enable an auto trade on binary
150 USD
Currency Strength Exotics
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This Indicator is specialized to show currency strength for any symbols like Exotic Pairs Commodities, Indexes or Futures . Is first of its kind, any symbol can be added to the 9th line to show TRUE CURRENCY STRENGTH of Gold, Silver, Oil, DAX, US30, MXN, TRY, CNH etc. This is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. Imagine how your
128 USD
Prometheus Smart Money
Philip Muga
Prometheus Smart Money is an indicator that combines both price & volume with calculations based on other custom indicators, smart volume and retail volume to create this leading indicator that gives you high probability moves to help you make a decision on what is MOST likely to happen in the market going forward. Advantages You can use it in ALL financial markets including binary options on ALL asset classes or instruments. You can use it as a stand alone indicator or as a confirmation tool wi
100 USD
Advanced Dashboard for Currency Strength and Speed
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch the entire market using a sin
199 USD
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RBC1234
136
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

Respuesta al comentario
Versión 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
Versión 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;
Versión 20.71 2020.07.09
- added switch to separate the Trend MA form the upper trend MAs
Versión 20.7 2020.07.05
added 3 additional Trend MAs
Parabolic-SAR Values set to default
code revised