SAR Oscillator Indicator

SAR Oscillator Indicator

The SAR Oscillator indicator for MT4 is a refined parabolic SAR indicator that identifies accurate trend reversal/continuation zones.

The SAR Oscillator indicator for MetaTrader 4 (MT4) is a custom parabolic SAR indicator with more advanced features than the traditional SAR indicator. The regular parabolic SAR indicator on MT4 platforms paints a signal dot on the main chart to show the end/beginning of a trend.

However, this version of the indicator displays histogram bars below the chart to signal trend reversal/market direction. It makes it more convenient for a forex trader to see the flow of the trend, which is critical in making better trade decisions.

Therefore, the indicator defines the end/beginning of a market trend when the histogram bars are above or below the zero level. However, it is worth noting that this indicator works efficiently in an established market trend.

How to Use the SAR Oscillator for MT4

The above image shows the trend information of the EUR/USD generated by the SAR Oscillator indicator for MT4. The green bars above the zero level show the trend is bullish, while the red bars below the zero level depict a bearish trend.

Therefore, in a bullish or bearish trend, you may anticipate a change in the market direction when the indicator displays a green/red bar above/below the zero line. Besides, you may use the indicator’s signal to find trade entry opportunities to join an established trend after a price retracement.

So, in a bearish trend, for instance, you may open a sell position when the indicator paints a red bar after a minor pullback to the upside. Moreover, you may consult with price action (e.g., bullish/bearish engulfing candles, pin bar, etc.) or other technical indicators before making a trade decision.

Conclusion
The SAR Oscillator indicator for MT4 is a technical indicator suitable for scalpers, day/intraday, and swing forex traders. What’s more, it displays the end/beginning of a trend better than the traditional parabolic SAR indicator on the MT4 platform.