Analysis of Parabolic SAR

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Visual backtest of Parabolic SAR going back to 2012 on the daily chart . Blue lines indicate a long position, red lines a short position. Using Parabolic SAR as an indicator, positions were changed on close of candle. As you can see, sometimes it works, sometimes it doesn't. Read this blog post for a more in depth analysis of this indicator:
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