colinmck

200 EMA Filtered Parabolic SAR

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.
Release Notes: Added optional alerts for exits
Release Notes: Adjusted filtering on entries
Release Notes: Switching snapshot image to classic candles
Release Notes: Added the option to plot the 21 EMA
Protected script
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.
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