GrantPeace

Technology-Adjusted Parabolic Stop and Reverse (TAPSAR)

Finally, a more accurate PSAR is here!
Request access in the comments.

This PSAR will show up, and stick around when a majority of the Technology companies in the index below conform in the same direction.
The TAPSAR can be applied to any technology company and ANY time-frame!
This Tech-Index consists of the largest technology companies on the NASDAQ stock exchange that are similar in subsector.

1. Apple Inc (NASDAQ:AAPL)
Market Cap: $888.06B
Subsector: Computer Manufacturing
2. Alphabet Inc (NASDAQ:GOOGL)
Market Cap: $738.53B
Subsector: Computer Software: Programming, Data Processing
3. Microsoft Corporation (NASDAQ:MSFT)
Market Cap: $654.81B
Subsector: Computer Software: Prepackaged Software
4. Facebook Inc (NASDAQ:FB)
Market Cap: $529.9B
Subsector: Computer Software: Programming, Data Processing
5. Oracle Corporation (NASDAQ:ORCL)
Market Cap: $204.54B
Subsector: Computer Software: Prepackaged Software
6. International Business Machines Corporation (NASDAQ:IBM)
Market Cap: $141.16B
Subsector: Computer Manufacturing

Thick Blue lines beneath the price indicate a change in direction, and momentum up.
Thick Red lines above the price indicate a change in direction, and momentum down.

UPDATE: The lines will become thicker with confidence of movement.

This indicators holds three editable parameters:

1. "Start" - The starting value for the Acceleration Factor (.02 is the Default).
2. "Increment" = The increment in which the Acceleration Factor will move (.02 is Default).
3. "Max" - The maximum value of the Acceleration Factor (.20 is the Default)

Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.


www.kenzing.com
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact GrantPeace for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.