The Parabolic SAR Zone indicator is a tool designed to help traders identify the best zone to enter in a position revisiting the usage of the standard Parabolic SAR indicator.
In the settings you can choose all the parameters of the standard indicator, and in addition to that you can also change the multiplier for the zone width.
This indicator provides two different Parabolic SAR indicators, the first one has the settings that you chose and displays the zone, meanwhile, the second one has half the parameters you have chosen and can be used to determine the long-term trend direction.
Hi, maybe I just don't get it, but to this chart I added a standard Parabolic SAR and it looks different being the original much faster. can you please point to me what I am looking wrong? thanks
OmegaTools
⋅
@apdusp, Hi! The usual default value for the Parabolic SAR is 0.02, 0.02, and 0.2, meanwhile, this indicator has default values of 0.02, 0.02, and 0.02, so the final value (named "Max value" is ten times greater than the default setting. If you want to have the same settings as the standard Parabolic SAR, you should change the last parameter.
apdusp
⋅
@OmegaTools, thanks. I knew I was looking wrong to the indicator and that got me confused