MT4-Parabolic SAR plus

Parabolic SAR plus is a simple indicator that lets you know when the Parabolic-Sar might turn its direction.

• For long-term-trends activate an moving average and set a trend-value in these indicator
• Notice comes via screen-alert, email and notification

Filter

• MA, MA-Channel (high / low)

Alerts

• alert, push-notification, arrows, send email

Advantages

• Signal after close, no repaint, no cross-over signal
• best Timeframes: H1
• all Major-Forex-Pairs
• Send custom email header

Important rule

• Look for an instrument with an obvious upcoming movement in a clear direction on a higher timeframe.
• Entry after an Arrow => waiting for the pull back or wait for a second higher / lower candle, plus / minus a few pips.
• alternative Entry: the last point of the Parabolic-SAR
• Exit example => after a trailing stop (take the distance between SL and Entry).
• Exit example => major Fibonacci and dynamic support/resistance Lines. Use the same to move your stop and for taking first profits.
• If the trade still runs, ignore further arrows, when trendfilter is active
• SL below/above the second higher/lower candle.

Input parameters

• Bars to process - the number of bars of the chart you want to be analyzed (60 to 1000 is recommended).
• Time-Zone you will see in your Email-Alert with Date and Time
  
• Broker Time
• Local Time
• UTC / GMT Time
• Alert - activates the pop-up alerts.
• Alert - the chosen info will be in the header and the first line of an email, if Email is enabled.
• Email - if true, it shows the selected info in the header and the first line of the email.
• Notification - if true, it sends the alert to the MT4 APP of your smartphone.
• Arrow Style - choose a arrow style = thin, cross, normal, hollow, Thumbs, Triangle.
• Arrow Position - default is 0.6. Nice to have if you compare settings with a second/third indicator.
• Parabolic Sar Step - value for Step.
• Parabolic Sar maximum - value for Maximum.
• MA Filter - Value of the MA-filter
• MA Shift - Value of the Shift for the MA-filter
• MA Mode - mode for the MA-filter
• MA Price long - price for the upwards direction of the MA-filter
• MA Price short - price for the downwards direction of the MA-filter

• upper MA Filter - Value of the upper MA-filter
• upper MA Shift - Value of the Shift for the upper MA-filter
• upper MA Mode - mode for the upper MA-filter
• upper MA Price - price for the upper MA-filter

if you like to follow 1 or 2 or 3 upper timeframes,

multiplicate the favorite trend MA, e.g. you trade H1 with a 20 MA trend-filter

and watch the H4 with a 20 MA trend-filter, which means 4 x 20 = set 80 MA for the 1. upper MA

and watch the D1 with a 20 MA trend-filter, which means 24 x 20 = set 480 MA for the 2. upper MA

for the 3. upper MA - whatever you like or take the last value if you follow just 2 upper MAs

If you believe in the upper direction, you should :-)

Recommendations

• I don't trade after over-size-candles
• I only go for a clear trend on the higher timeframe
• I stay out before high-impact news hit the market
• Always on my mind, major Support and Resistance
• No trade without money-management, please calculate your risk, trade smart
• There is no guarantee of success as in any trading business / in my examples above

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