Parabolic sar with breaks
This plots a Parabolic sar and a break line on the previous sar point before the parabolic sar flips.
This is looking to be a very popular entry signal for lots of strats.
How to use:
In conjunction with other confirmation indicators;
Long: Enter long when the Parabolic sar is below the price and the price breaks above (and closes) the break line.
Short: Enter short when the Parabolic sar is above the price and the price breaks below (and closes) the break line.
A great indicator combination for this is to use a 200 ema for price trend and volume flow.
This is looking to be a very popular entry signal for lots of strats.
How to use:
In conjunction with other confirmation indicators;
Long: Enter long when the Parabolic sar is below the price and the price breaks above (and closes) the break line.
Short: Enter short when the Parabolic sar is above the price and the price breaks below (and closes) the break line.
A great indicator combination for this is to use a 200 ema for price trend and volume flow.
版本注释:
Added long and short labels that show when the psar line is broken with high volume
版本注释:
Changed chart
Added check that labels should not show if the breaking candle has a long wick
Added check that labels should not show if the breaking candle has a long wick
版本注释:
removed wick check as it was buggy
版本注释:
Only show signals when parabolic sar is bullish/bearish.
版本注释:
Selectable timeframe
版本注释:
Added alerts and changed breakout labels.
After some research, I have found that when a parabolic Sar Breakout line is broken by price with high volume, it is much more likely to continue in that direction, and so I have have added strong and weak breakout labels.
You are able to show/hide them individually.
After some research, I have found that when a parabolic Sar Breakout line is broken by price with high volume, it is much more likely to continue in that direction, and so I have have added strong and weak breakout labels.
You are able to show/hide them individually.