Double Parabolic MTF Histo demo

Parabolic SAR is one of the most popular indicators allowing you to determine in a timely manner the trend reversal, get an early entry point and accurately define the place of profit taking.

Parabolic SAR is very efficient in case of a trendy market but often gives false signals during a flat. In order to sort such signals out, it is possible to use the same indicator on higher timeframes. This eliminates the main drawback of the indicator during a flat, while retaining its advantage of early entry in the direction of a trend.

Double Parabolic MTF Histo demo implements this idea and combines two timeframes on a single Parabolic chart. The higher timeframe Parabolic defines the trend, while the lower timeframe one searches for the market entry point in trend direction.

Demo version limitation: the indicator is fully functional on NZDUSD (history + real time). Signals on other instruments can be seen only on the history.

Full version can be purchased here.

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