Level: 3
Background
The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR. It aims to identify potential reversals in the price movement of traded assets.
PINE v5 Version of SAR Library, which...
Library "New_Concepts_in_Technical_Trading_Systems"
A library for trading with mathematical indicators as described by J. Welles Wilder Jr. in 1978
psar(highSeries, lowSeries, closeSeries, start, increment, max)
psar calculates the parabolic SAR for the given series. Uses defaults as described by Wilder
Parameters:
highSeries (float) : the series of...
