New Parabolic SAR multi-timeframe smoothed alert indicator.
This is enhanced version of the Parabolic SAR indicator originally developed by J. Welles Wilder Jr.
The what’s new to original one:
I added here multiple timeframe support so you can see higher timeframe on current chart.
Parameters to smooth the indicator to reduce noise.
Additional signal line that works as switchable trend direction filter.
Two types of signal logic.
Alerts with arrows so you can use your time more effective.
TimeFrame – timeframe of indicator (current by default)
Step – acceleration factor increment of PSAR
Maximum – acceleration factor maximum of PSAR
SignalPeriod – period of signal moving average
SignalMethod – average formula of signal moving average
Signal_MA_Filter – enable trend direction filter by signal moving average
Signal_Method – two types of signals:
BreakOut_Signals – break out outside PSAR range signals (price crossover UP PSAR value for Buys and crossover Down for Sells)
BreakIn_Signals – break out inside PSAR range signal (price crossover UP PSAR value for Sells and crossover Down for Buys)
IndicatorSmooth – amount of smooth (1-off)
IndicatorSmoothMethod – smooth formula
DrawBars – amount of bars to draw indicator data
PopupAlert – enable terminal alert windows
SoundAlert – enable sound alerts
ArrowsOnChart – enable draw arrows on price chart
IndicatorArrows – enable draw arrows on indicator sub window
SMSPushAlert – Push alerts to your phone
EmailAlert – Email alerts to your phone
Buy_ArrowColor – color of buy arrows
Sell_ArrowColor – color of sell arrows
Arrows_Width – width of signal arrows
PSAR_Line – color of RSAR dots
SIGNAL_Line – color of signal line
Two types of built-it logic gives ability to trade with signals by a trend, corrections, swings, defining stop loss and catching pull backs and correlation break outs on direction of higher timeframe trend.
Building a position trade
PRO TIP :
You can get a signal from a combination of indicators.
Follow the link to learn how to combine two or more signal alert indicators together http://projectreaper.pw/en/how-to-combine-two-or-more-signal-alert-indicators-together/
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder