The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR. It aims to identify potential reversals in the price movement of traded assets.
PINE v5 Version of SAR Library, which includes latest the Supertrend, Parabolic SAR, Gann Hilo activator, Chex indicators etc.
Function This lib provides functions similar to SAR which can serve as a similar element for composite strategy. Parameters need to be tuned for the best performance and I will further inrish this collections.
Bonus, If you can propose me a novel SAR source link, I would like to grant you one L4/L5 indicator with 2-month subscription for free.
@blackcat1402, I think Supertrend also falls under this category, but maybe u wanna do a seperate lib for that. But there a some nice ideas for custom calcs. Like using different MA`s , Stdev, ATR, etc. with the Ladder Method. HeWhoMustNotBeNamed has published a study (AdoptedSupertrend) where PivotPoints / BB / Ketlner / Donchian channels are used instead of only using a multiplier and ATR. But there are some more interisting Studys out there, to many to list them all. But I don't know if my suggestion fits in this Lib. But using different Channel types with the Ladder Method to get new conceps of Stop and Reverse is a nice idea i think.
Hutmacher42
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@Hutmacher42, *(Adoptive Supertrend) by HeWhoMustNotBeNamed