Parabolic SAR (SAR) is an indicator used to identify trend reversals. This indicator is unique in that it is illustrated on a chart by circles above or below candlesticks. SAR circles above a candlestick indicate a downtrend while SAR circles below the candlestick indicate an uptrend. Trend reversals are identified by the SAR circles switching positions between candlesticks.
Supported Trade Types
Exchange Website to monitor
Currency Pair to monitor for trade signals
Represents the acceleration factor.
Represents the period’s maximum step.
This indicator can give great signals when paired with other indicators to validate trend reversals. Additionally, it can be used in combination with Stochastic Oscillator for the Mumbai Scalper Strategy.