Enhanced Parabolic Sar
Simply Enhances Default Parabolic SAR by creating Two Color Options, One for UpTrend, Other for DownTrend
Ability To Turn On/Off The Up Trending Parabolic SAR, And The Down Trending Parabolic SAR
Great Indicator For Trailing Stops.
Simply Enhances Default Parabolic SAR by creating Two Color Options, One for UpTrend, Other for DownTrend
Ability To Turn On/Off The Up Trending Parabolic SAR, And The Down Trending Parabolic SAR
Great Indicator For Trailing Stops.
Coming Soon: www.ChrisMoodyTrading.com
//Created By ChrisMoody on 7/25/2014 //Simply Enhances Default Parabolic SAR by creating Two Color Options, One for UpTrend, Other for DownTrend //Ability To Turn On/Off The Up Trending Parabolic SAR, And The Down Trending Parabolic SAR study(title="CM_Parabolic SAR", shorttitle="CM_P-SAR", overlay=true) start = input(2, minval=0, maxval=10, title="Start - Default = 2 - Multiplied by .01") increment = input(2, minval=0, maxval=10, title="Step Setting (Sensitivity) - Default = 2 - Multiplied by .01" ) maximum = input(2, minval=1, maxval=10, title="Maximum Step (Sensitivity) - Default = 2 - Multiplied by .10") sus = input(true, "Show Up Trending Parabolic Sar") sds = input(true, "Show Down Trending Parabolic Sar") disc = input(false, title="Start and Step settings are *.01 so 2 = .02 etc, Maximum Step is *.10 so 2 = .2") //"------Step Setting Definition------" //"A higher step moves SAR closer to the price action, which makes a reversal more likely." //"The indicator will reverse too often if the step is set too high." //"------Maximum Step Definition-----") //"The sensitivity of the indicator can also be adjusted using the Maximum Step." //"While the Maximum Step can influence sensitivity, the Step carries more weight" //"because it sets the incremental rate-of-increase as the trend develops" startCalc = start * .01 incrementCalc = increment * .01 maximumCalc = maximum * .10 sarUp = sar(startCalc, incrementCalc, maximumCalc) sarDown = sar(startCalc, incrementCalc, maximumCalc) colUp = close >= sarDown ? lime : na colDown = close <= sarUp ? red : na plot(sus and sarUp ? sarUp : na, title="Up Trending SAR", style=circles, linewidth=4,color=colUp) plot(sds and sarDown ? sarDown : na, title="Up Trending SAR", style=circles, linewidth=4,color=colDown)