KT Psar Arrows plots the arrows on chart using the standard Parabolic SAR indicator. A bullish arrow is plotted when the candle's high touch the SAR. A bearish arrow is plotted when the candle's low touch the SAR. The signals are generated in the real-time without waiting for the bar close.
Features
- A beneficial tool for traders who want to experiment with the trading strategies that include the use of Parabolic Sar indicator.
- Can be used to find turning points in the market.
- Use custom PSAR inputs.
- All MT4 alerts are available.
A Word of Caution: The Parabolic SAR is a lagging and strict mechanical indicator. Every potential trade should be filtered by well-defined rules.
Input Parameters
- PSAR Step: Insert the step value.
- PSAR Maximum: Insert the maximum value.
- Rest of the inputs are self-explanatory.
EA Developers//----- define Arrays double buy_signal[], sell_signal[]; //----- define indicator handle int psar_arrow_handle= iCustom(Symbol(),0,"Market/KT PSAR Arrows"); //----- Copying buffer into arrays CopyBuffer(psar_arrow_handle,0,1,1,buy_signal); CopyBuffer(psar_arrow_handle,1,1,1,sell_signal); //----- for new entries if(buy_signal[0]!=0) //----- Open Buy Trade if(sell_signal[0]!=0) //----- Open Sell Trade
