Sticky SAR

This indicator is designed for determining the trend direction and price reversal points. This indicator is a heavily modified version of Parabolic SAR.

• Does not repaint/redraw
• Calculation on an current candle
• If the price is above the indicator, trend is ascending. If the price is below the indicator, trend is descending.

Trade:

• If the color and the trend direction changed, open a position and close it by take profit, or hold it until the next trend change.
• It is also possible to trade rebounds of the price from the indicator.
• The indicator can also be used as an addition to your trading system for extra /confirm/iation.
• The indicator works best on the smaller timeframes. Therefore, it will be useful for scalping.

Settings

• BarsHistory - the number of bars to be used to display the indicator.
• IndicSpeed - display the indicator with acceleration of the data readings.

* true - enabled, false - disabled.