3 Parabolic System - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator uses alerts and colored points on the chart to generate signals to execute trades.
This indicator compares three versions of the Signal Parabolic SAR indicator. The versions are set on different timeframes: Beginner (chart timeframe), Intermediate and Advanced.
Search for Parabolic SAR trend signals on the advanced and intermediate time frames, while search for trend reversal signals on the junior time frames.
For example, a buy signal is generated when the parabola moves upward on the advanced and intermediate charts while being below the current price, and when the parabola changes from "above the price" to "below the price" on the junior chart. Sell signals are generated in the same way.
Indicator input parameters:
Attachment download
📎 3parabolic_system.mq5 (11.98 KB)
Source: MQL5 #554
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