OPEN-SOURCE SCRIPT
Validated PSAR
PSAR works well as trailing stop loss (or WinStop), but is often whipsaw'd as it detect trend changes over enthusiastically.
So, a filter to validate trend changes was added. It basically requires 3 straight bars completely breaking the prior saved PSAR level.
Enjoy!
So, a filter to validate trend changes was added. It basically requires 3 straight bars completely breaking the prior saved PSAR level.
Enjoy!
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