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You liked the script? Try it in the MetaTrader 5 terminal
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- 13003
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- Published:
- 2019.02.26 15:11
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Theory :
Parabolic SAR is calculated using high and low prices. This indicator allows you to :
- use any price (not just high and low)
- use average of the price (instead of using "raw" price)
Usage :
You can use it as any "regular" SAR. Interesting results can be achieved by using same price for high and low (as in the second example - close price used for both high and low)
![3DMa](https://c.mql5.com/i/code/indicator.png)
Buffer-free indicator implemented on iCanvas
![Intra-day Keltner channel extended](https://c.mql5.com/i/code/indicator.png)
Intra-day Keltner channel extended