Visual backtest of Parabolic SAR going back to 2012 on the daily chart. Blue lines indicate a long position, red lines a short position. Using Parabolic SAR as an indicator, positions were changed on close of candle. As you can see, sometimes it works, sometimes it doesn't. Read this blog post for a more in depth analysis of this indicator: signalstrengthfinance.com/how-does-the-parabolic-sar-work/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.