PSAR Strategy (No Overnight Holds)

This script utilizes the logic of the TradingView built-in Parabolic SAR strategy, and is adjusted to only give signals during real trading hours (in other words excluding pre-market and after-hours) and to exit all trades before the close of the market.

I personally have found the best results for this strategy to be on a 1 minute time period, and have a great interest in optimizing the profits of this strategy relative to the amount of closed trades and commissions involved. These results are calculated on a 100-share basis, with an estimated $1.00 commission per closed trade. Note that this strategy is extremely active and assumes a long or short 100-share position at any given moment throughout real trading hours.

Definitely take some time to play with the settings to find what works best for a given ticker, as results will vary; using a 100-share basis, I have found profits of over $15,000 with less than 1500 closed trades (on a 1 minute time period, back-tested to one month), and I have also found profits of over $30,000 with nearly 5000 closed trades. There is surely room for a lot of optimization with this strategy.