Pro Parabolic SAR – a new word in the application of parabolic
Pro Parabolic SAR is a modification of the standard popular trend indicator for MetaTrader 4 called Parabolic SAR. In contrast to the classical parabolic the Pro Parabolic SAR indicator is displayed at the bottom of the chart vertical lines whose color depends on the direction of the trend.
Characteristics of Pro Parabolic SAR
Platform: Metatrader4
Currency pairs: Any currency pairs (recommended Major)
Trading Time: European session and start of American session
Timeframe: Any (recommended M15 for European session)
When the direction of the price Pro Parabolic SAR indicator displays an arrow on the chart corresponding to the color and direction, as well as displays a window with a text message:
Buy signal
pro-parabolic-sar-buy-signal
Sell signal
pro-parabolic-sar-buy-signal
Pro Parabolic SAR, compared with the standard parabolic, has extended functionality and accuracy, that allows to increase the effectiveness of trading strategies that use this trend indicator. However, should not to use this indicator alone because it requires additional of filtration signals.
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