Simple Continuous Parabolic SAR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The main calculation of the indicator consists of 9 lines
max = 0 ; minutes = 0 ; f or ( integer j= 1 ; j<=parabolic SAR period; j++) { max=max+highest(High,j,i)/ParabolicSARPeriod; min=min+Lowest(Low,j,i)/ParabolicSARPeriod; } max = normalized double (max, _number ); minutes = normalized double (minutes, _number );
For comparison, simple ParabolicSAR is shown
Attachment download
📎 neoparabolic.mq5 (3.91 KB)
Source: MQL5 #1832
Simple Continuous Parabolic SAR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Simple Continuous Parabolic SAR - 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 on titles or short-term profit descriptions.
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