About the Indicator
The Parabolic SAR indicator is a trend identification indicator.
It is a popular technical indicator used by many traders,
both beginners and professionals, to confirm trend movements.
It was developed by G. Wells Wilder, the creator of the Relative Strength Index (RSI).
The indicator is used to identify entry and exit points for trades.
In addition to identifying the trend, it is recommended to combine it with other technical indicators
to maximize its effectiveness.
How to Add It to the Chart
First, go to the Indicators list.
Second, go to the Trend list.
Third, select the Parabolic SAR indicator.
How the Indicator Works
When you add the indicator to the chart you want to trade,
dots will appear below and above the Japanese candlesticks.
Uptrend: In an uptrend, dots will appear below
the Japanese candlesticks, indicating that the price is currently moving upwards.
Downtrend: In a downtrend, higher points will appear on the Japanese candlesticks,
indicating a current downward movement.
Integration with Technical Indicators
It is recommended to use this indicator in conjunction with other technical indicators to obtain
high accuracy in identifying available opportunities.
Oversold indicators, such as the Stochastic Oscillator and Moving Average, are among the best technical indicators to combine with the Parabolic SAR indicator.
Chart Example:
Uptrend and Buying Opportunities
Here, we observe that the trend was upward, confirmed by the 200-period Moving Average.
Whenever oversold conditions occur on the Stochastic Oscillator, a bullish signal appears on the Parabolic SAR, providing a good buying opportunity.
This also aligns with the upward trend confirmed by the Moving Average.
Downward Trend and Selling Opportunities
Here, we observe a downward trend, confirmed by the 200-period moving average.
Whenever overbought conditions occur on the Stochastic oscillator, a signal appears.
The Parabolic SAR indicator confirms the downward trend, providing a good selling opportunity.
This also aligns with the downward trend confirmed by the moving average.
Important Tips
_ The indicator is considered good, but it should be used
in conjunction with other technical indicators.
_ When trading, be cautious of support and resistance levels and avoid trading against them.
_ Exercise caution during news releases to avoid sudden price movements and triggering stop-loss orders.
About the Index The Parabolic SAR is a trend indicator It is one of the most popular and widely used technical indicators traders, whether beginners or professionals, to confirm the trend movement. It was developed by J. Wells Wilder, who created the Relative Strength Index (RSI). The indicator is used to determine where to enter and exit trades as well as trend identification, but it is best combined with other technical indicators to get the most out of it. How to put it on the chart First we go to the Indicators list Second, we go to the Trend list Third, we select the Parabolic SAR indicator How the indicator works When the cursor is placed on the chart to be traded Dots will appear below and above the Japanese candlesticks. Uptrend: In the case of an uptrend, dots will appear below candlesticks, which means that the movement is currently bullish. Downtrend: In the case of a downtrend, higher dots will appear candlesticks, which means that the movement is currently bearish. Integration with technical indicators The indicator is best used in combination with other technical indicators to a high degree of accuracy of the opportunities available, and the saturation with Stochastic and Moving Average indicators are some of the best technical indicators that can be combined with the Parabolic SAR. Example of Chart : Uptrends and buying opportunities Note that the trend was bullish, as confirmed by the Moving Average 200 Whenever the stochastic is oversold, an oversold signal appears. confirmation on the Parabolic SAR, which gives a good opportunity to buy This is also consistent with the uptrend confirmed by the Moving Average. Downtrend and Selling Opportunities We can see here that the trend is bearish, confirmed by the Moving Average 200 Whenever the stochastic is overbought, an overbought signal appears. bearish confirmation on the Parabolic SAR, which gives a good opportunity to sell This is also consistent with the downtrend confirmed by the Moving Average. Important tips The indicator is good, but it should be used in conjunction with other technical indicators. When trading, pay attention to support and resistance zones and do not trade against them. Be careful during the news to avoid sudden movements and hitting the stats.
