Parabolic_HTF - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

This Parabolic SAR indicator enables the selection of time frames on which the indicator can be calculated.

Large colored dots are drawn when new bars appear in the time frame for which the indicator is calculated. Trend continuations are represented by colored lines.

As of the time of publishing the code, the iSAR technical indicator does not work properly and its values ​​are inconsistent with simulations performed in the form of the ParabolicSAR custom indicator placed in terminal_data_folder\MQL5\Indicators\Examples. Therefore, this indicator has two variants: Parabolic_HTF and Parabolic_HTF indicators, capable of receiving data from technical indicators and their custom simulations respectively.

Figure 1 Parabolic_HTF indicator

Attachment download

📎 parabolic_htf.mq5 (9.5 KB)

📎 parabolic_htf_.mq5 (9.51 KB)

Source: MQL5 #1118