Parabolic SAR Channel

[Apprentice]

PSARC.lua

(7.81 KiB) Downloaded 1562 times

PSARC with Alert.lua

(18.44 KiB) Downloaded 795 times

MT4 version.
https://fxcodebase.com/code/viewtopic.php?f=38&t=72989

[Taskryr]

Hello,

Is it possible to describe how the PSAR gets rendered on screen? What value determines it's positioning? I ask because I place entries at the PSAR level (not the channel), but over the weekend, my entry is not on the PSAR. It's not even close. Does this indicator render differently each time I open the Marketscope over a weekend or should I be considering an issue with the trading platform?

Thanks for any explanation.

[Apprentice]

You can specify that the Time Frame and currency pair is in question.

Also, things will be clearer, if you overlay Sar Indicator.
Very likely SAR indicat had a new indication.

Parabolic SAR Channel Lines are simply last SAR indications.

[Taskryr]

My apologies,

Marketscope was missing 4 days of data which threw the indicator for a loop and confused me until I realized what was going on.

Thanks

[Taskryr]

Would it be at all possible to make this indicator a MTF indicator? That is, if I was using a 1H chart, would it be possible to see where the parabolic sar would be positioned on the 4H chart?

[Apprentice]

Simply choose, H4, as Indicator source, Time Frame.

[Coondawg71]

Can we please request Alert function added to this indicator.

Alert would be triggered upon the breach of candle Close outside the channel.

Thanks!

sjc

[Apprentice]

PSARC with Alert.lua added.

[easytrading]

hello Apprentice,
Can we please request a strategy for PSARC with Alert.lua based on the direction of the arrow that this indicator is generating as below:

buy on up arrow
sell on down arrow
close on opposite

with much appreciation in advance.

[Apprentice]

Requested can be found here.
viewtopic.php?f=31&t=62354