The Parabolic SAR advertises itself as an effective tool to determine where to place stop loss orders. Parabolic SAR Potential Buy Signal A trader might buy when the price closes above the upper Parabolic SAR. When the Parabolic SAR changes from being above price to below price, then the trader might “stop” and buy to cover their existing shortsell and “reverse” direction and buy to go long. Parabolic Sar parabolic indicator for forex Potential Sell Signal A sell signal is potentially generated when the price closes below the lower Parabolic SAR.
At the time that the Parabolic SAR changes from being below price to being above price, the trader might “stop” and sell to exit their existing long trade and “reverse” direction and sell to go short. The Parabolic SAR advertises itself as a good tool in determing where to place stop loss orders. How a trader might place stop losses using the Parabolic SAR is discussed on the next page. The information above is for informational and entertainment purposes only and does not constitute trading advice or a solicitation to buy or sell any stock, option, future, commodity, or forex product. Past performance is not necessarily an indication of future performance. Download Indicators,Forex systems,Expert Advisors,Trading Strategies for free. Recommended time frame H1 and above.
You might need to combine with other indicators to confirm each other for better result. And I think it will be the best on Daily chart. Basically,it is a Moving Average Crossover in the chart separate window. Thank you my friend Ugur Cetin which has sent the system. This is a great trading system. For my beloved readers you download through the lik below and happy trading.