SoftKill21

Parabolic SAR Swing strategy GBP JPY Daily timeframe

Today I bring you a new strategy thats made of parabolic sar . It has optmized values for GBPJPY Daily timeframe chart.

It also has a time period selection, in order to see how it behave between selected years.


The strategy behind it is simple :

We have an uptrend , (the psar is below our candles) we go long. We exit when our candle crosses the psar value.
The same applies for downtrend(the psar is above our candles), where we go short. We exit when our candle cross the psar value.

Among the basic indicators, it looks like PSAR is one of the best canditates for swing trading.




If you have any questions, please let me know.
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.

Want to use this script on a chart?

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter