Simple Continuous ParabolicSAR - indicator for MetaTrader 5

Simple Continuous ParabolicSAR – indicator MetaTrader 5

by
  • For any instruments and time frames.
  • The main variable of the period ParabolicSARPeriod.

The principal calculation of the indicator consist of 9 lines

 max=0;
 min=0;
for(int j=1; j<=ParabolicSARPeriod; j++)
     {
   max=max+Highest(High,j,i)/ParabolicSARPeriod;
   min=min+Lowest(Low,j,i)/ParabolicSARPeriod;
     }
max= NormalizeDouble(max,_Digits);
min= NormalizeDouble(min,_Digits);

As a comparison simple ParabolicSAR is shown


Simple Continuous ParabolicSAR – indicator MetaTrader 5
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