CM_Parabolic SAR

Enhanced Parabolic Sar

Simply Enhances Default Parabolic SAR by creating Two Color Options, One for UpTrend, Other for DownTrend

Ability To Turn On/Off The Up Trending Parabolic SAR , And The Down Trending Parabolic SAR

Great Indicator For Trailing Stops.
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//Created By ChrisMoody on 7/25/2014
//Simply Enhances Default Parabolic SAR by creating Two Color Options, One for UpTrend, Other for DownTrend
//Ability To Turn On/Off The Up Trending Parabolic SAR, And The Down Trending Parabolic SAR
study(title="CM_Parabolic SAR", shorttitle="CM_P-SAR", overlay=true)
start = input(2, minval=0, maxval=10, title="Start - Default = 2 - Multiplied by .01")
increment = input(2, minval=0, maxval=10, title="Step Setting (Sensitivity) - Default = 2 - Multiplied by .01" )
maximum = input(2, minval=1, maxval=10, title="Maximum Step (Sensitivity) - Default = 2 - Multiplied by .10")
sus = input(true, "Show Up Trending Parabolic Sar")
sds = input(true, "Show Down Trending Parabolic Sar")
disc = input(false, title="Start and Step settings are *.01 so 2 = .02 etc, Maximum Step is *.10 so 2 = .2")
//"------Step Setting Definition------"
//"A higher step moves SAR closer to the price action, which makes a reversal more likely."
//"The indicator will reverse too often if the step is set too high."

//"------Maximum Step Definition-----")
//"The sensitivity of the indicator can also be adjusted using the Maximum Step."
//"While the Maximum Step can influence sensitivity, the Step carries more weight"
//"because it sets the incremental rate-of-increase as the trend develops"

startCalc = start * .01
incrementCalc = increment * .01
maximumCalc = maximum * .10

sarUp = sar(startCalc, incrementCalc, maximumCalc)
sarDown = sar(startCalc, incrementCalc, maximumCalc)

colUp = close >= sarDown ? lime : na
colDown = close <= sarUp ? red : na

plot(sus and sarUp ? sarUp : na, title="Up Trending SAR", style=circles, linewidth=4,color=colUp)
plot(sds and sarDown ? sarDown : na, title="Up Trending SAR", style=circles, linewidth=4,color=colDown)
very good indicator ...thanks Chris
Chris, great indicator. I did revise the Inputs to Floating Point in order to match up closer with issues I follow.
'merged Down' nice :)
Good work...Glad you like it
+1 Reply
DigitalMan PRO ChrisMoody
Thanks Chris. Do you know how to set an alert for this?
+1 Reply
On the Link Above...The Williams Vix Fix along with the Trend Bars changing Color for Confirmation...Works Nice...Good Job
+3 Reply
Turning one off reduces clutter on the chart, very nice.
I Agree...Thank For The Comment!!!
Thanks Chris!
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