Parabolic SAR Color Alert Indicator Download for MT4 – Free | Forex Indicator Download – MetaTrader 4 Resource

The Parabolic SAR Color Alert indicator uses colored dots to show the market trend direction. In this trading tool , colored dots appear above or below the candles to indicate the direction of the price movement.

Therefore, a blue dot below the candle indicates an uptrend, while a pink dot above the candle indicates a downtrend.

Parabolic SAR Color Alert Indicator Specification Sheet

The specifications of the Parabolic SAR Color Alert indicator are shown in the table below:

Parabolic SAR color alert indicator at a glance

When a trend change is detected, the color of the points changes immediately, which makes the receiving reversal signals clearer.

Additionally, the Parabolic SAR Color Alert Indicator instantly alerts on trend changes via multiple methods such as emails and notifications.

Buy Trade Setup

The pink dot trend is broken and moving upwards on the Binance Coin (BNB) cryptocurrency 1-hour chart.

Thereafter, successive formations of blue dots indicate the continuation of the uptrend.

Sell ​​Trade Setup

The 1-hour chart of USD/CAD shows that after rising upward, the price broke out of the blue dot sequence from below.

In this case, the continuous formation of pink dots indicates the continuation and continuation of the downtrend.

Parabolic SAR Color Alert Indicator Settings

The Parabolic SAR Color Alert indicator is set as follows:

• Step: The moving steps of the indicator when calculating new points
• Maximum: The maximum allowed value of indicator acceleration
• Precision: The number of decimal places to display a number
• ALERT: Sound alarm status when trend changes
• EMAIL: Email sending status when the signal is sent
• NOTIFICATION: notification receiving status
• MESSAGE_TIMEOUT: Time interval between alerts (in seconds)
• MESSAGE_SUBJECT: Title of the alert message displayed in the alert window or email

Conclusion

The Parabolic SAR Color Alert indicator is designed to identify trend direction and potential price reversal points. This trading tool uses a system of colored points and alerts to make market analysis faster and more accurate.

Additionally, customizable settings such as number of steps moved, display accuracy, sound alert , emails and notifications make this indicator a flexible choice for a variety of trading strategies .