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Parabolic SAR plus

5

Parabolic SAR plus is a simple indicator that lets you know when the Parabolic-Sar might turn its direction.

  • For long-term-trends activate an moving average and set a trend-value in these indicator
  • Notice comes via screen-alert, email and notification

Filter

  • MA, MA-Channel (high / low)

Alerts

  • alert, push-notification, arrows, send email

Advantages

  • Signal after close, no repaint, no cross-over signal
  • best Timeframes: H1
  • all Major-Forex-Pairs
  • Send custom email header

Important rule

  • Look for an instrument with an obvious upcoming movement in a clear direction on a higher timeframe.
  • Entry after an Arrow => waiting for the pull back or wait for a second higher / lower candle, plus / minus a few pips.
  • alternative Entry: the last point of the Parabolic-SAR
  • Exit example => after a trailing stop (take the distance between SL and Entry).
  • Exit example => major Fibonacci and dynamic support/resistance Lines. Use the same to move your stop and for taking first profits.
  • If the trade still runs, ignore further arrows, when trendfilter is active
  • SL below/above the second higher/lower candle.

Input parameters

  • Bars to process - the number of bars of the chart you want to be analyzed (60 to 1000 is recommended).
  • Time-Zone you will see in your Email-Alert with Date and Time
    • Broker Time
    • Local Time
    • UTC / GMT Time
  • Alert - activates the pop-up alerts.
  • Alert - the chosen info will be in the header and the first line of an email, if Email is enabled.
  • Email - if true, it shows the selected info in the header and the first line of the email.
  • Notification - if true, it sends the alert to the MT4 APP of your smartphone.
  • Arrow Style - choose a arrow style = thin, cross, normal, hollow, Thumbs, Triangle.
  • Arrow Position - default is 0.6. Nice to have if you compare settings with a second/third indicator.
    • Parabolic Sar Step - value for Step.
    • Parabolic Sar maximum - value for Maximum.
  • MA Filter - Value of the MA-filter
    • MA Shift - Value of the Shift for the MA-filter
    • MA Mode - mode for the MA-filter
    • MA Price long - price for the upwards direction of the MA-filter
    • MA Price short - price for the downwards direction of the MA-filter
  • upper MA Filter - Value of the upper MA-filter
    • upper MA Shift - Value of the Shift for the upper MA-filter
    • upper MA Mode - mode for the upper MA-filter
    • upper MA Price - price for the upper MA-filter
if you like to follow 1 or 2 or 3 upper timeframes,
multiplicate the favorite trend MA, e.g. you trade H1 with a 20 MA trend-filter
and watch the H4 with a 20 MA trend-filter, which means 4 x 20 = set 80 MA for the 1. upper MA
and watch the D1 with a 20 MA trend-filter, which means 24 x 20 = set 480 MA for the 2. upper MA
for the 3. upper MA - whatever you like or take the last value if you follow just 2 upper MAs
If you believe in the upper direction, you should :-)

Recommendations
  • I don't trade after over-size-candles
  • I only go for a clear trend on the higher timeframe
  • I stay out before high-impact news hit the market
  • Always on my mind, major Support and Resistance
  • No trade without money-management, please calculate your risk, trade smart
  • There is no guarantee of success as in any trading business / in my examples above


Reviews 1
RBC1234
203
RBC1234 2020.07.09 11:45 
 

Hi, I really like this indicator. However, I don't understand the purpose of this new upgrade. What are the new 3 MAs for? BR Rui

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THE ONLY CURRENCY STRENGTH INDICATOR THAT IS BASED ON PRICE ACTION. DESIGNED FOR TREND, MOMENTUM & REVERSAL TRADERS This indicator  reads price action to confirm trend and strength . Advanced multi-currency and multi-time frame indicator that shows you simply by looking at one chart, every currency pair that is trending and the strongest and weakest currencies driving those trends. For full details on how to use this indicator, and also how to get a FREE chart tool, please see user manual HER
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Arrows appear after Reversal-Pattern and when the confirmation-candle reaches its value, it won't disappear (no repaint). but with fix settings no additional settings necessary Entry : immediately after arrow Stop loss : a few pips above the high of the arrow - candle / below the low of the arrow - candle Take Profit : at least the next candle / move to break even after candle closed / trail the SL works on : Major Forex-pairs / M15 and higher time-frames The Value of the  confirmation-candle =>
Optimized for Asia- London- US- Open-Session  the best Features from MOMENTUM-SOLO true Momentum - time-based Indicator it's based on a self-developed candle Pattern, in relation to the ATR Filter Daytime Weekdays Moving Averages Keltner-Channel Advantages Optimized for Asia- London- US- Open-Session choose your personal times to trade - select Daytime and Weekdays Keltner-Channel => to reduce market noise - sideways movement will be hidden 3x Moving Averages => for the Trend Sig
Optimized for Asia- London- US- Open-Session  true Momentum - time-based Indicator Filter Daytime Weekdays Moving Averages Keltner-Channel Advantages Optimized for Asia- London- US- Open-Session choose your personal times to trade - select Daytime and Weekdays Keltner-Channel => to reduce market noise - sideways movement will be hidden 3x Moving Averages => for the Trend Signal after close - no repaint Alerts Email Screen-Alert Push-Notification
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RBC1234
203
RBC1234 2020.07.09 11:45 
 

Hi, I really like this indicator. However, I don't understand the purpose of this new upgrade. What are the new 3 MAs for? BR Rui

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Version 21.91 2021.10.22
⭐️ Supplemented by an hour filter, which allows limiting the time window to the most volatile time of the day and adjusted to my working hours.

✔️ Extended by the option to display the three relevant time zones, broker time, local time, and UTC/GMT.
Version 20.110 2020.11.01
added a new feature => "Time-Zone sending via E-Mail-Alert"
choose the Time-Zone you will see in your Email-Alert
- Broker Time
- Local Time
- UTC / GMT Time

bugfix "signal comes, but arrows appear within the third candle" has been fixed
Version 20.101 2020.10.23
The following issue has been fixed:
consecutive arrows in the same direction, if one of the next Parabolic-Sar - values in the same direction is lower than the one before (up-trend) and vs;
Version 20.71 2020.07.09
- added switch to separate the Trend MA form the upper trend MAs
Version 20.7 2020.07.05
added 3 additional Trend MAs
Parabolic-SAR Values set to default
code revised