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Coloured Parabolic SAR

Overview:
The Coloured Parabolic SAR Indicator is a visually enhanced trading tool designed to make trend-following and trade identification easier. This customizable indicator provides clear visual cues with color-coded signals for bullish (buy) and bearish (sell) trends directly on your MT4 chart.

Key Features:

  1. Color-Coded Signals:
    • Lime green "o" symbol for Buy signals.
    • Red "o" symbol for Sell signals.
  2. Customizable Inputs:
    • Adjustable Step and Maximum parameters to fine-tune the Parabolic SAR calculation.
    • Customizable line width and colors to suit your trading style and chart appearance.
  3. Simple and Effective Visualization:
    • Easily identify bullish and bearish trends with distinct symbols plotted above or below the price candles.
    • Helps you quickly assess market conditions at a glance.
  4. Compatibility:
    • Works on all MT4-supported symbols and timeframes.

Who Is It For?

  • Traders looking for a straightforward way to incorporate the Parabolic SAR into their trading strategy.
  • Ideal for trend-following strategies or as a confirmation tool alongside other indicators.

Inputs:

  • Step: Defines the sensitivity of the Parabolic SAR (default: 0.02).
  • Maximum: Sets the maximum value for the indicator (default: 0.2).
  • Line Width: Adjust the thickness of the plotted signals.
  • Line Color Up: Choose the color for bullish signals (default: Lime).
  • Line Color Down: Choose the color for bearish signals (default: Red).

How It Works:
The indicator calculates the Parabolic SAR values for each candle and displays:

  • Buy Signals: When the price closes above the SAR value, indicating a potential upward trend.
  • Sell Signals: When the price closes below the SAR value, indicating a potential downward trend.

Why Choose This Indicator?

  • Ease of Use: No clutter, just clear and concise signals.
  • Customizable: Tailor it to match your trading needs and chart preferences.
  • Versatility: Effective for scalpers, day traders, and swing traders alike.


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MT5 version  |  FAQ The Owl Smart Levels Indicator  is a complete trading system within the one indicator that includes such popular market analysis tools as  Bill Williams' advanced fractals , Valable ZigZag which builds  the correct wave structure  of the market, and  Fibonacci levels  which mark the exact levels of entry into the market and places to take profits. Detailed description of the strategy Instructions for working with the indicator Advisor-assistant in trading Owl Helper Private
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
4.9 (483)
Indicators
CURRENTLY 31% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and confir
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Mohamed Hassan
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This Indicator only places quality trades when the market is really in your favor with a clear break and retest. Patience is key with this price action strategy! If you want more alert signals per day, you increase the number next to the parameter called: Support & Resistance Sensitivity.  After many months of hard work and dedication, we are extremely proud to present you our  Break and Retest price action indicator created from scratch. One of the most complex indicators that we made with over
PRO Renko System
Oleg Rodin
5 (26)
Indicators
PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
Smart Price Action Concepts
Issam Kassas
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Indicators
First of all Its worth emphasizing here that this Trading Tool is Non-Repainting Non-Redrawing and Non-Lagging Indicator Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focuses on
Stratos Pali
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Stratos Pali Indicator   is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost! Dow
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