Parabolic SAR

2019年3月14日

This is a redesign of the built-in Parabolic SAR indicator. I added a proper input system, an option to highlight initial points for both lines and an option to choose points width. So, customize it as you want.

Parabolic SAR was originally developed by J. Welles Wilder and described in his book "New Concepts in Technical Trading Systems" (1978). It is a trend-following indicator that can be used as a trailing stop loss.

To know which settings for PSAR are the most profitable on your instrument and timeframe you can use this tool

Profitable Parabolic SAR

2019年8月3日

發行說明

• Added Buy/Sell alerts
  
• Added Buy/Sell labels
  

2019年8月8日

發行說明

• Fixed alert messages
  

2019年10月12日

發行說明

• Converted to V4
  
• Added long/short state highlighting
  

2020年11月27日

發行說明

• Update
  

7月28日

發行說明

• Pine Script V6
  
• Minor UI improvements
  
• Refactoring
  

If you need any customization, feel free to contact me via direct messages or on Telegram.
Good luck!