When the price is in an uptrend, the SAR appears below the price and converges upwards towards it. Similarly, on a downtrend, the SAR appears above the price and converges downwards.
If the price crosses Parabolic SAR lines, the indicator switches so that its further values are located on the other side of the price. When such an indicator switch occurs, the maximum or the minimum price for the previous period would serve as the starting point. When the indicator switches, it indicates the trend end (correction stage or flattening) or the trend reversal.
With this MTF version Parabolic SAR, you can apply any time frame of Parabolic SAR to your current chart.
As long as the selected time frame is greater than the current time frame.
You can have 30 minutes or 60 minutes Parabolic SAR on a 5 minutes chart, or having weekly Parabolic SAR on Daily chart.
Input Parametersacceleration factor: The initial value of the acceleration factor.
All time frames:
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