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
- Added Buy/Sell alerts
- Added Buy/Sell labels
- Fixed alert messages
- Converted to V4
- Added long/short state highlighting