STP PSAR SMA Limiter V2
The STP PSAR Indicator can be used by traders to determine trend direction, potential reversals in price, and quality trade entries.
-The Indicator starts with the SMA9 and SMA62 Simple moving averages which are plotted on chart. (SMA9 is Green, SMA62 is Red.)
-SMA Crosses are plotted indicating trend direction (whether bearish or bullish) and will print Longs or Shorts on the chart as long as Indicator filtering settings align.
-The parabolic SAR appears on the chart as a series of dots, either above or below an asset's price, depending on the direction the price is moving.
-Red dots indicate bearish trend, whereas green dots indicate bullish trend. The PSAR Indicator will do well on larger scale time frames for trend detection.
The indicator is published with settings UNFILTERED: It will be up to the end user to tweak RSI/MACD/SMA filtering by asset should they want to clean up entries.
Alerts are able to be set upon the PSAR Indicator as Long or Short which can be used to trade off of.
If you want access for a FREE Trial send us a message or visit the link below!
-The Indicator starts with the SMA9 and SMA62 Simple moving averages which are plotted on chart. (SMA9 is Green, SMA62 is Red.)
-SMA Crosses are plotted indicating trend direction (whether bearish or bullish) and will print Longs or Shorts on the chart as long as Indicator filtering settings align.
-The parabolic SAR appears on the chart as a series of dots, either above or below an asset's price, depending on the direction the price is moving.
-Red dots indicate bearish trend, whereas green dots indicate bullish trend. The PSAR Indicator will do well on larger scale time frames for trend detection.
The indicator is published with settings UNFILTERED: It will be up to the end user to tweak RSI/MACD/SMA filtering by asset should they want to clean up entries.
Alerts are able to be set upon the PSAR Indicator as Long or Short which can be used to trade off of.
If you want access for a FREE Trial send us a message or visit the link below!
Release Notes:
Updated script to always trade with the trend.
If PSAR is Long, only Long alerts will be thrown.
Is PSAR is Short, only Short alerts will be thrown.
If PSAR is Long, only Long alerts will be thrown.
Is PSAR is Short, only Short alerts will be thrown.
Release Notes:
Update to include Direction change alerts.