SAR Oscillator 2 is a second version of SAR Oscillator.
It has two adjustable parameters:
- SAR step – Parabolic SAR step
- SAR maximum – Parabolic SAR maximum
Calculations:
OscSAR = SAR – Π‘lose
where
SAR – Parabolic SAR(SAR step, SAR maximum)
The histogram values above zero are bearish:
- When the histogram bar values rise, this indicates a fast downward movement, and the histogram bars are colored in orange.
- When the histogram bar values fall, this indicates a downward movement stop or a correction, and the histogram bars are colored in light-orange.
The histogram values below zero are bullish:
- When the histogram bar values fall, this indicates a fast upward movement, and the histogram bars are colored in blue.
- When the histogram bar values rise, this indicates an upward movement stop or a correction, and the histogram bars are colored in light-blue.
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