SAR Index based on MA - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources
The idea of this indicator is to replace the high and low prices with the moving average indicator values when calculating the SAR indicator.
The result looks like this:
That is, the direction of the SAR indicator changes after hitting the Moving Average indicator.
Attachment download
📎 sar_index_based_on_ma.mq5 (22.45 KB)
Source: MQL5 #19770
SAR Index based on MA - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
SAR Index based on MA - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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