Your friend when it comes to identifying strong trends.
Takes input from the Parabolic Sar (PSar).
Helps you find best entry points for your trades after reaching a certain level, and easily identify where you can exit/re-enter your trades.
Features alert function.
No need to set up the indicator.
How to use:
Simply attach to any chart.
Buy when gold line crosses below blue line. Buy on blue arrow.
Sell when gold line crosses above red line. Sell on red arrow.
Best results when entering trades from the upper (for sell) or lower (for buy) extreme of indicator window.
Can also be used for Scalping on the M1 chart as follows:
Wait for gold line to cross above red line, Sell on red arrow on/at the gold line.
Wait for gold line to cross below blue line, Buy on blue arrow on/at the gold line.
See H1 and M1 examples screens below.
Use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.