Parabolic SAR plus is a simple indicator that lets you know when the Parabolic-Sar might turn its direction.
- For long-term-trends activate an moving average and set a trend-value in these indicator
- Notice comes via screen-alert, email and notification
Filter
- MA, MA-Channel (high / low)
Alerts
- alert, push-notification, arrows, send email
Advantages
- Signal after close, no repaint, no cross-over signal
- best Timeframes: H1
- all Major-Forex-Pairs
- Send custom email header
Important rule
- Look for an instrument with an obvious upcoming movement in a clear direction on a higher timeframe.
- Entry after an Arrow => waiting for the pull back or wait for a second higher / lower candle, plus / minus a few pips.
- alternative Entry: the last point of the Parabolic-SAR
- Exit example => after a trailing stop (take the distance between SL and Entry).
- Exit example => major Fibonacci and dynamic support/resistance Lines. Use the same to move your stop and for taking first profits.
- If the trade still runs, ignore further arrows, when trendfilter is active
- SL below/above the second higher/lower candle.
Input parameters
- Bars to process – the number of bars of the chart you want to be analyzed (60 to 1000 is recommended).
- Time-Zone you will see in your Email-Alert with Date and Time
- Broker Time
- Local Time
- UTC / GMT Time
- Alert – activates the pop-up alerts.
- Alert – the chosen info will be in the header and the first line of an email, if Email is enabled.
- Email – if true, it shows the selected info in the header and the first line of the email.
- Notification – if true, it sends the alert to the MT4 APP of your smartphone.
- Arrow Style – choose a arrow style = thin, cross, normal, hollow, Thumbs, Triangle.
- Arrow Position – default is 0.6. Nice to have if you compare settings with a second/third indicator.
- Parabolic Sar Step – value for Step.
- Parabolic Sar maximum – value for Maximum.
- MA Filter – Value of the MA-filter
- MA Shift – Value of the Shift for the MA-filter
- MA Mode – mode for the MA-filter
- MA Price long – price for the upwards direction of the MA-filter
- MA Price short – price for the downwards direction of the MA-filter
- upper MA Filter – Value of the upper MA-filter
- upper MA Shift – Value of the Shift for the upper MA-filter
- upper MA Mode – mode for the upper MA-filter
- upper MA Price – price for the upper MA-filter
if you like to follow 1 or 2 or 3 upper timeframes,
multiplicate the favorite trend MA, e.g. you trade H1 with a 20 MA trend-filter
and watch the H4 with a 20 MA trend-filter, which means 4 x 20 = set 80 MA for the 1. upper MA
and watch the D1 with a 20 MA trend-filter, which means 24 x 20 = set 480 MA for the 2. upper MA
for the 3. upper MA – whatever you like or take the last value if you follow just 2 upper MAs
If you believe in the upper direction, you should 🙂
Recommendations
- I don’t trade after over-size-candles
- I only go for a clear trend on the higher timeframe
- I stay out before high-impact news hit the market
- Always on my mind, major Support and Resistance
- No trade without money-management, please calculate your risk, trade smart
- There is no guarantee of success as in any trading business / in my examples above
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