Parabolic SAR

2019년 3월 14일

This is a redesign of the built-in Parabolic SAR indicator. I added a proper input system, an option to highlight initial points for both lines and an option to choose points width. So, customize it as you want.

Parabolic SAR was originally developed by J. Welles Wilder and described in his book "New Concepts in Technical Trading Systems" (1978). It is a trend-following indicator that can be used as a trailing stop loss.

To know which settings for PSAR are the most profitable on your instrument and timeframe you can use this tool

Profitable Parabolic SAR

2019년 8월 3일

릴리즈 노트

• Added Buy/Sell alerts
  
• Added Buy/Sell labels
  

2019년 8월 8일

릴리즈 노트

• Fixed alert messages
  

2019년 10월 12일

릴리즈 노트

• Converted to V4
  
• Added long/short state highlighting
  

2020년 11월 27일

릴리즈 노트

• Update
  

7월 28일

릴리즈 노트

• Pine Script V6
  
• Minor UI improvements
  
• Refactoring
  

If you need any customization, feel free to contact me via direct messages or on Telegram.
Good luck!