Get started
redf0x1

mForex - 3 Moving Average - Parabolic SAR

redf0x1 Updated   
Parabolic Stop and Reverse (PSAR) Moving Averages
278
1
parabolicsar movingaverage
Script identifies the uptrend and downtrend according to the average price of the MA and PSAR lines.

Rules of sale:
- Open short positions when:
  • MA12 cuts MA26 and MA52 from the top.
  • PSAR dots on the price line
- Stop loss:
  • At the dots of PSAR and use Trailing Stop facing up
  • On the nearest peak
- Profit-taking: Corresponding ratio of R: R (1: 2)

- Open long positions when:
  • MA12 cuts MA26 and MA52 from the bottom.
  • PSAR dots below the price line
- Stop loss:
  • At the dots of PSAR and use Trailing Stop facing down
  • Below the nearest peak
- Profit-taking: Corresponding ratio of R: R (1: 2)
Release Notes:
Add a BUY / SELL signal
Release Notes:
Remove Signal
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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?