Color Parabola - MetaTrader 5 Script - MQL5 #552 | Trading Script Download - MT4/MT5 Resources
The Parabolic SAR technical indicator has one major drawback.
It's not obvious enough on charts containing other indicators. Therefore, its signals about trend reversals may be missed.
To improve this shortcoming, large colored dots that appear during each trend reversal were added. The indicator itself comes in two colors.
Attachment download
📎 color_parabolic.mq5 (8.83 KB)
Source: MQL5 #552
Color Parabola - MetaTrader 5 Script - MQL5 #552 | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Color Parabola - MetaTrader 5 Script - MQL5 #552 | Trading Script Download - MT4/MT5 resources are trading script 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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