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.

Interface

Supported license & Trade types

General Settings

• Exchange Website to monitor

• Currency Pair to monitor for trade signals

• Update Speed

• Trade Signals

Indicator Settings

• Acceleration

  • Represents the acceleration factor.

• Maximum Step

  • Represents the period’s maximum step.

Usage

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.