I have seen Parabolic SAR done several ways in the past and on several platforms. I have a few trailing systems I use to have a time-affected stop, meaning that as time goes, the way the stop works changes. In this method, you have a stop starting off of the high or low at the time of the cross of the previous stop, giving you a binary flipping agent. I like the usage of this system upon trendy action, however, in sideways action, the indicator flips back and forth with no pertinence. The flat lines represent the last price that was crossed, and as the PSAR crosses the line you essentially lock in profits in the trend.
@HammondB3, i use your indicator and its very usefull. thank you.
but what means the light blue line? how works the line? do u have any videos for that?
hakanhosbak
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@hhosbak, okay it changes the signal.. haha was a quick question and answer by myself lol
HammondB3
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@hhosbak, yes the horizontal lines are just the carrying forward of the last signal change. THIS PROVIDES A 2nd TOOL!
Until the PSAR Dots come and cross the horizontal line, the trend is not confirmed and still a "potential trend."
Crossing the DOTS changes the signals.
tradingview.com/script/k8gj6x9a-B3-PSAR-v4/