Parabolic SAR plus

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).
• 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 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

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