This script uses Parabolic SAR with the 200 EMA to determine long and short trends. Only long signals are given when the price is above the 200MA and shorts when it is below. Signals are further filtered using ADX to reduce noise.
Suitable for trading bots where open positions in the same type are set to be ignored.
Alerts are built in.
Added optional alerts for exits
Adjusted filtering on entries
Switching snapshot image to classic candles
Added the option to plot the 21 EMA
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Greetings! Love this Indicator BTW. Question: I noticed that sometime the signals differs when you switch your chart type from candles to Heikin Ashi candles and other types. Why is that? And which chart type do you recommend that we use?