Get started

Psar

Dynamic Score PSAR [QuantAlgo]Dynamic Score PSAR 📈🧬 The Dynamic Score PSAR by QuantAlgo introduces an innovative approach to trend detection by utilizing a dynamic trend scoring technique in combination with the Parabolic SAR. This method goes beyond traditional trend-following indicators by evaluating market momentum through a scoring system that analyzes price behavior over a customizable window. By dynamically adjusting to evolving market conditions, this indicator provides clearer, more adaptive trend signals that help traders and investors anticipate market reversals and capitalize on momentum shifts with greater precision. 💫 Conceptual Foundation and Innovation At the core of the Dynamic Score PSAR is the dynamic trend score system, which assesses price movements by comparing normalized PSAR values across a range of historical data points. This dynamic trend scoring technique offers a unique, probabilistic approach to trend analysis by evaluating how the current market compares to past price movements. Unlike traditional PSAR indicators that rely on static parameters, this scoring mechanism allows the indicator to adjust in real time to market fluctuations, offering traders and investors a more responsive and insightful view of trends. This innovation makes the Dynamic Score PSAR particularly effective in detecting shifts in momentum and potential reversals, even in volatile or complex market environments. ✨ Technical Composition and Calculation The Dynamic Score PSAR is composed of several advanced components designed to provide a higher probability of detecting accurate trend shifts. The key innovation lies in the dynamic trend scoring technique, which iterates over historical PSAR values and evaluates price momentum through a dynamic scoring system. By comparing the current normalized PSAR value with previous data points over a user-defined window, the system generates a score that reflects the strength and direction of the trend. This allows for a more refined and responsive detection of trends compared to static, traditional indicators. To enhance clarity, the PSAR values are normalized against an Exponential Moving Average (EMA), providing a standardized framework for comparison. This normalization ensures that the indicator adapts dynamically to market conditions, making it more effective in volatile markets. The smoothing process reduces noise, helping traders and investors focus on significant trend signals. Additionally, users can adjust the length of the data window and the sensitivity thresholds for detecting uptrends and downtrends, providing flexibility for different trading and investing environments. 📈 Features and Practical Applications Customizable Window Length: Adjust the window length to control the indicator’s sensitivity to recent price movements. This provides flexibility for short-term or long-term trend analysis. Uptrend/Downtrend Thresholds: Set customizable thresholds for identifying uptrends and downtrends. These thresholds define when trend signals are triggered, offering adaptability to different market conditions. Bar Coloring and Gradient Visualization: Visual cues, including color-coded bars and gradient fills, make it easier to interpret market trends and identify key moments for potential trend reversals. Momentum Confirmation: The dynamic trend scoring system evaluates price action over time, providing a probabilistic measure of market momentum to confirm the strength and direction of a trend. ⚡️ How to Use ✅ Add the Indicator: Add the Dynamic Score PSAR to your favourites, then to your chart and adjust the PSAR settings, window length, and trend thresholds to match your preferences. Customize the sensitivity to price movements by tweaking the window length and thresholds for different market conditions. 👀 Monitor Trend Shifts: Watch for trend changes as the normalized PSAR values cross key thresholds, and use the dynamic score to confirm the strength and direction of trends. Bar coloring and background fills visually highlight key moments for trend shifts, making it easier to spot reversals. 🔔 Set Alerts: Configure alerts for significant trend crossovers and reversals, ensuring you can act on market movements promptly, even when you’re not actively monitoring the charts. 🌟 Summary and Usage Tips The Dynamic Score PSAR by QuantAlgo is a powerful tool that combines traditional trend-following techniques with the flexibility of a dynamic trend scoring system. This innovative approach provides clearer, more adaptive trend signals, reducing the risk of false entries and exits while helping traders and investors capture significant market moves. The ability to adjust the indicator’s sensitivity and thresholds makes it versatile across different trading and investing environments, whether you’re focused on short-term pivots or long-term trend reversals. To maximize its effectiveness, fine-tune the sensitivity settings based on current market conditions and use the visual cues to confirm trend shifts.
Pine Script™ indicator
by QuantAlgo
RSI Trend Detector PSAR BasedRSI Trend Detector is based on the Direction of PSAR. This indicator helps the easy detection of Trend Direction and Sideways Movement of Price. It was difficult to determine the RSI Trend Direction in a basic RSI indicator. one cannot decide the exact entry point where to enter. RSI Trend Detector helps with the direction of trend using PSAR direction which is almost instant direction changing indicator with Zero Lag. The color of the RSI changes immediately based on PSAR direction. One can determine the trend whether its in UP / Down or Sideways. One can easily detect Pullback and entry points using this indicator. The basic working can be interpreted with a normal default RSI, The only additional feature is the direction of trend using a SAR signal. Oversold Zone is below 30 Overbought Zone is above 70 how ever RSI above 50 is treated a UP trend and Below 50 as Down Trend. when RSI is between 40 and 60 price must be considered as Sideways. One can easily interpret the TREND. Yellow Line = RSI Moving Average RED and Green Line= RSI Grey Zone = Sideways Horizontal line = RSI level 50 Settings can be changed as required. RSI Line: RSI Above 50 up trend and Entry when color is green RSI Below 50 down trend and Entry when color is Red RSI in Grey Zone is sideways, wait for a breakout RSI above 50 and color is red then its a pullback in uptrend RSI below 50 and color is green then its a pullback in downtrend ALERTS: Up signal and Down Signal are provided when ever RSI crosses RSIMA Up Signal: RSI crosses RSI Moving Average upwards Down Signal: RSI crosses RSI Moving Average Downwards Hope the Tradingview community likes this.
Pine Script™ indicator
by traderharikrishna
2
Parabolic SAR ZoneThe Parabolic SAR Zone indicator is a tool designed to help traders identify the best zone to enter in a position revisiting the usage of the standard Parabolic SAR indicator. In the settings you can choose all the parameters of the standard indicator, and in addition to that you can also change the multiplier for the zone width. This indicator provides two different Parabolic SAR indicators, the first one has the settings that you chose and displays the zone, meanwhile, the second one has half the parameters you have chosen and can be used to determine the long-term trend direction.
Pine Script™ indicator
by OmegaTools
3
MTF Fusion - PSAR [TradingIndicators]MTF Fusion PSAR intelligently adapts to whatever timeframe you're trading - dynamically calculating Parabolic SAR (Stop and Reverse) levels combined from four appropriate higher timeframes to give you a much broader view of the market and an edge in your trading decisions. It is the third indicator in our MTF Fusion series, and leverages our MTF Fusion algorithm - only this time to visualize J. Welles Wilder Jr.'s famous Parabolic SAR indicator. What is MTF Fusion? Multi-Timeframe (MTF) Fusion is the process of combining calculations from multiple timeframes higher than the chart's into one 'fused' value or indicator. It is based on the idea that integrating data from higher timeframes can help us to better identify short-term trading opportunities within the context of long-term market trends. How does it work? Let's use the context of this indicator, which calculates PSAR levels, as an example to explain how MTF Fusion works and how you can perform it yourself. Step 1: Selecting Higher Timeframes The first step is to determine the appropriate higher timeframes to use for the fusion calculation. These timeframes should typically be chosen based on their ability to provide meaningful price levels and action which actively affect the price action of the smaller timeframe you're focused on. For example, if you are trading the 5 minute chart, you might select the 15 minute, 30 minute, and hourly timeframe as the higher timeframes you want to fuse in order to give you a more holistic view of the trends and action affecting you on the 5 minute. In this indicator, four higher timeframes are automatically selected depending on the timeframe of the chart it is applied to. Step 2: Gathering Data and Calculations Once the higher timeframes are identified, the next step is to calculate the data from these higher timeframes that will be used to calculate your fused values. In this indicator, for example, the values of PSAR levels are calculated by determining the value of the PSAR indicator for all four higher timeframes. Step 3: Fusing the Values From Higher Timeframes The next step is to actually combine the values from these higher timeframes to obtain your 'fused' indicator values. The simplest approach to this is to simply average them. If you have calculated the value of a PSAR level from three higher timeframes, you can, for example, calculate your 'multi-timeframe fused level' as (HigherTF_PSAR_Level_1 + HigherTF_PSAR_Level_2 + HigherTF_PSAR_Level_3) / 3.0. Step 4: Visualization and Interpretation Once the calculations are complete, the resulting fused indicator values are plotted on the chart. These values reflect the fusion of data from the multiple higher timeframes, giving a broader perspective on the market's behavior and potentially valuable insights without the need to manually consider values from each higher timeframe yourself. What makes this script unique? Why is it closed source? While the process described above is fairly unique and sounds simple, the truly important key lies in determining which higher timeframes to fuse together, and how to weight their values when calculating the fused end result in such a way that best leverages their relationship for useful TA. This MTF Fusion indicator employs a smart, adaptive algorithm which automatically selects appropriate higher timeframes to use in fusion calculations depending on the timeframe of the chart it is applied to. It also uses a dynamic algorithm to adjust and weight the PSAR calculations depending on each higher timeframe's relationship to the chart timeframe. These algorithms are based on extensive testing and are the reason behind this script's closed source status. What is the PSAR indicator? The Parabolic SAR (Stop and Reverse) indicator is a technical analysis tool that helps identify potential trend reversals in price movements. It was developed by J. Welles Wilder Jr. and is widely used by traders to determine entry and exit points in the market. It consists of levels that are plotted above or below current price. The position of these plots relative to the price provides valuable information about the prevailing trend and potential reversal points. Here's how the original PSAR indicator works: Upward Trend: When the Parabolic SAR level is plotted below the price, it indicates an upward trend in the market. The level generally moves closer to the price as the trend progresses. This creates a parabolic curve that rises with time. Traders typically interpret this as a bullish signal, suggesting that it may be a good time to buy or hold positions. Downward Trend: Conversely, when the Parabolic SAR level is plotted above the price, it indicates a downward trend in the market. The plot generally moves closer to the price as the trend continues, forming a parabolic curve that declines with time. This is considered a bearish signal, suggesting that it may be a suitable time to sell or avoid taking long positions. Reversal Points: The primary purpose of the Parabolic SAR indicator is to identify potential trend reversals. When the price crosses above or below the Parabolic SAR level, it indicates a possible reversal in the trend. The Parabolic SAR indicator is versatile and can be used in various market conditions and timeframes. It is particularly useful in trending markets, where it helps traders ride the trend and capture potential profits. However, it's important to note that the Parabolic SAR may generate false signals or provide delayed indications in sideways or choppy markets. Included Features Fusion PSAR levels Filled zones to highlight trends Full customization of PSAR parameters Pre-built color stylings Options Fusion View: Show/hide the Fusion PSAR levels calculated from multiple higher timeframes Fill Trending Zones: Show/hide the fill for 'trending zones' between price and the Fusion PSAR levels Start: Defines the rate at which the PSAR levels move closer to the price during the initial stages of a trend (higher = faster convergence, lower = slower convergence) Increment: Controls the rate at which the acceleration factor increases or decreases as the trend continues (higher = faster convergence, lower = slower convergence) Max: Sets a limit on the maximum value that the acceleration factor can reach Pre-Built Color Styles: Use a pre-built color styling (uncheck to use your own colors) Manual Color Styles: When pre-built color styles are disabled, use these color inputs to define your own
Pine Script™ indicator
by TradingIndicatorsNow
3
Educational Strategy : TRIPLE DRAG-ON SYSTEM V.1The Triple Dragon System is a technical trading strategy that uses a combination of three different indicators to identify potential buy and sell signals in the market. The three indicators used in this strategy are the Extended Price Volume Trend (EPVT), the Donchian Channels, and the Parabolic SAR. Each of these indicators provides different types of information about the market, and by combining them, we can create a more comprehensive trading system. The EPVT is used to identify potential trend changes and measure the strength of a trend. The Donchian Channels are used to identify the direction of the trend, while the Parabolic SAR is used to provide additional confirmation of trend changes and help determine potential entry and exit points. In this strategy, we first use the EPVT and Donchian Channels to identify the direction of the trend. When the EPVT is above its baseline and the price is above the upper Donchian Channel, it suggests an uptrend. Conversely, when the EPVT is below its baseline and the price is below the lower Donchian Channel, it suggests a downtrend. Once we have identified the trend direction, we use the Parabolic SAR to help determine potential entry and exit points. When the Parabolic SAR is below the price and flips to above the price, it suggests a potential buy signal. Conversely, when the Parabolic SAR is above the price and flips to below the price, it suggests a potential sell signal. To further refine our trading signals, we use multiple timeframes to confirm the trend direction and ensure that we are not entering the market during a period of high volatility. We also use multiple take-profit levels to lock in profits and manage risk. Overall, the Triple Dragon System is a comprehensive technical trading strategy that combines multiple indicators to provide clear entry and exit signals. By using a combination of trend-following and momentum indicators, we can identify potential trading opportunities while minimizing risk. Please note that this strategy is for educational purposes only and should not be taken as financial advice.
Pine Script™ strategy
by Oracle_Systems
2
SAR MACDSAR MACD is an idea of implementing Directional MACD with Parabolic SAR to exactly detect and confirm Trend. This p-SAR MACD consist of a HYBRID MACD which acts as MACD TREND oscillator, MACD Oscillator, PSAR Indicator combined with MA line. thus Fake MACD Signals can be eliminated using this SAR MACD. Sideways can be detected using Threshold Levels must be adjusted based on timeframe. Indicators Hybrid model contains: 1.MACD (12,26,9) Standard with MA Crossovers 2.MACD Trend 3.Parabolic SAR with 0.02 4.Threshold level - indicates Sideways How to use. Histogram: -> HIST MODE: normal MACD indicator MA Line Color is based on PSAR Direction Blue-Up/ Pink -Down A crossover upside with a Blue MA line denotes Up confirmation A Crossover downwards with a red MA line denotes Down Confirmation Additionally Histogram above zero line and below zero line are to be confirmed -> MACD MODE: MACD Trend indicator MA Line Color is based on PSAR Direction Blue-Up/ Pink -Down A crossover upside with a Blue MA line denotes Up confirmation A Crossover downwards with a red MA line denotes Down Confirmation Additionally Histogram above zero line and below zero denotes long term Trend -> Histogram Color: Indicates candles direction Yellow indicates Unconfirmed Direction Green Indicates up direction Red Indicates Down Direction Buy Condition: MA Color - Blue Histogram- Above Zero Histogram/Candle -Green MA Crossover is must Sell Condition: MA Color - Red Histogram- Below Zero Histogram/Candle -Red MA Cross under is must Warning: Must not be used as a standalone indicator. Use for confirmation of your Buy Sell Signals and Entry only.
Pine Script™ indicator
by traderharikrishna
2
BE - OBV MACD█ Overview BE - OBV MACD - Algo Trading is an indicator developed to analyze volume , MACD and PSAR simultaneously in order to understand how they are co-related to each other. This tool calculates the likelihood of strength for buying or selling within the market direction. █ Calculations The algorithm individually computes the likelihood of flow of volumes (OBV, MACD & PSAR). A positive score is assigned for events where the Buyers volume is rising over the candle, MACD on the price is rising and MACD on the OBV is providing positive output and the PSAR is Below the close price thus generating the Buy Signal, and a negative score for the vise versa thus generating the Sell Signal. Note: Since this indicator is an overlay indicator MACD and OBV is not shown on the chart. One can add them on the chart if you wish to analyze the impact of the same. █ Settings Customization of settings is possible for risk management concepts like setting the initial SL level, Trail SL Level, Day Max Level. Hide or Show plots and Table is possible from the indicator settings. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, back-test, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
by TradeWiseWithEase
SynthSAR ConfirmationThis indicator represents confirmation of a trend based on the PSAR indicator and includes signals from the MACD, stochastic oscillator, and awesome oscillator. It displays the points of the parabolic SAR on the chart, which help determine the direction of the trend. Additionally, the indicator allows for tracking signals based on the combined analysis of three other technical indicators: MACD, stochastic oscillator, and awesome oscillator. Furthermore, the indicator includes the ability to display buy/sell labels and signals for changing the trend direction. This is not an investment recommendation.Very effective in higher timeframes.If the MACD "macd line" crosses the "signal line" from above and the Stochastic %K line crosses the %D line from above, and the last column in the Avesome Oscillator is red, then the indicator gives a signal to sell. If the MACD "macd line" crosses the "signal line" from below and the Stochastic %K line crosses the %D line from below, and the last column in the Avesome Oscillator is green, then the indicator gives a signal to buy.
Pine Script™ indicator
by Qodirjon
3
SumIndTarget: The SumInd indicator combines Heiking Ashi, Sar Parabolic, Koncord, RSI, DMI, MACD and Bollinger Bands to give buy or sell signals or trends. This are called base indicators. The goal is to have a clear and quick buy or sell suggestion and to avoid evaluating all or some of the named indicators, especially if they give contradictory signals among them. This speed and simplicity helps the trader to see several tickers in less time. It is intended for all markets and time periods where the above-mentioned indicators can be used. How it works: SumInd already has the importance or "weight" of each indicator named above configured, but they can be modified. You can set 0% for no use, or any other value based on the weight you want to give it, between 1% and 200% where 100% is the normal use, and increases or decreases based on importance. Each base indicator can give signals to buy, sell or just "wait and see". Each base indicator is checked for a buy signal, in which case its weight is added to the positive or green line, and if there is a sell signal, its weight is subtracted from the sell or red line. in case of indeterminacy or 'wait and see', nothing is added to any signal. The yellow or total line is the sum of the buy or green signal plus the sell or red signal. If the yellow or total line rises above the buy level, the background changes to green and an up arrow appears at the bottom of the chart indicating the buy suggestion, because most of the indicators you are interested in gave a buy signal. If the yellow line or total falls below the sell level, the background changes to red and a downward arrow appears in the upper area of the chart indicating the sell suggestion, because most of the indicators you are interested in gave a sell signal. The Buy and Sell level can be changed according to the security of the suggestion you need. Areas without arrows or marks are considered "wait and see" areas, the previous trend in principle continues. They can be marked with the default background if desired from the SumInd settings. Details and criterials: Each of the following indicators can be turned on or off and assigned different weights of importances, by whether or not it shares the following criteria: Heikin Ashi candles: add or subtract half an assigned weight if there is a buy or sell candle and the other half weight if there are two consecutive candles with the same signal. RSI: Adds or subtracts the assigned weight if the ema is below or above the signal. Parabolic Sar: Adds half a weight in transition to buy or sell and another half weight if there are two consecutive signals of the same trend. Koncord: Add or subtract the weight if the current trend (mountain) grows or decreases respectively from the 4th previous time signal, and also the value (red line) is less than 35 or exceeds 65 respectively. DMI: Adds or subtracts a quarter of the weight assigned by the DMI signal multiplied by the value of DMI, if the positive or negative signal exceeds the other negative or positive signal by 15% respectively. Bollinger Bands: Add or subtract the weight if the previous third signal touches or falls out of the zone and keeps growing or decreasing respectively. MACd: Add or subtract one third of the weight if the last 3 time signals are rising or falling, Add or subtract another third if the fast signal is above or below the slow signal, and Add or subtract the last third of the weight if it is rising with the negative fast signal, or falling with the positive fast signal.
Pine Script™ indicator
by fpucci
2
PSAR-Support ResistanceParabolic Support Resistance -PSAR SR is based on the Dynamic Reversal Points of Price. This indicator eliminates the false signals of regular Parabolic SAR (Stop and Reverse). The Price of previous SAR Reversal point is plotted as Support and Resistance. The idea is to trade only after the previous reversal point is crossed and a new candle formation above / below the support resistance lines. Price moves sideways in between the S/R Lines mostly. Buy and Sell Signals are based on normal P-SAR settings however this S/R must be considered. Please be aware that the indicator cannot be used as a stand alone. Please make required confirmations before going into action. Disclaimer: Please use it at your own Risk.
Pine Script™ indicator
by traderharikrishna
6
ORB PSAR MTFThis is an adaptation of the inbuilt PSAR function in a Multi Time Frame . When MTF enabled It will plot two timeframe simultaneously as follows:- 1 Min with 5 Min (HTF) 5 Min with 15 Min(HTF) 15 Min with 1H(HTF) 1H with 4H(HTF) 4H with Daily(HTF) Daily with Weekly(HTF) Weekly with Monthly(HTF) The higher timeframe(HTF) will get plotted in bigger circled lines. By enabling plotting of all levels, you can see all current levels of all TF( M1 ,M5,M15,H,4H,D,W,M) on the same screen as "X" on the right side. Alerts allow you to get alerts when these crossover happens. Concept Credits: Deishma (Nimblr)
Pine Script™ indicator
by Gann_Academy
PSAR BBPT ZLSMA BTC 1minLong entry: PSAR gives buy signal BBPT prints green histogram ZLSMA is below the price ZLSMA has uptrend SL is smaller than the max SL Optional Sessions and EMA filters Short entry PSAR gives sell signal BBPT prints red histogram ZLSMA is above the price ZLSMA has downtrend SL is smaller than the max SL Optional Sessions and EMA filters SL: Placed below ZLSMA + offset on long Placed above ZLSMA + offset on short TP1: 1x the SL by default Takes no profit by default, 50% is also a good setting TP2: 2x the SL by default Take out all remaining position size. If price reaches TP1, the SL is set to the entry price.
Pine Script™ strategy
by Rolan_Kruger
The Systems Lab: PRX StrategyLike the PRX Indicator (which is also available) this PRX Strategy includes all the elements necessary to run the PRX Trading System or to incorporate any of its elements into your own analysis. But since this is a strategy it also includes all of the system entry and exit orders which allows them to be displayed on the charts and backtested in different configurations to see how specific configurations of the system could have performed in the past. The primary concept is the identification of trends by way of a customized PSAR (Parabolic Stop and Reverse) calculation that uses linear regression to reduce market noise and highlight trends for longer using a method pioneered by Dr Ken Long. This means that price can penetrate the PSAR dots without causing a trend reversal to occur (flipping the dots over to the opposing side) which would normally occur with the traditional PSAR idea. The intent is to help identify and stick with trends longer, adapt to changes in volatility by using linear regression as a noise filter and potentially capture large outlier moves. A linear regression curve is plotted as well in order to help identify when a change in trend will occur by it crossing the PSAR dots. In order to make the trend as clear as possible the bars can be colored as either up-trend or down-trend with user selectable colors. A moving average filter is also included as a longer term market condition filter in order to avoid periods when the market is against this average which is an inherent part of the system. The strategy is currently long only (though we’re working on the short side) and includes standard entries along with a trailing stop using the customized PSAR. It also includes multiple options to re-enter with an existing trend if the trailing stop is hit but the trend remains in place. Multiple parameters are available for customisation including the Linear Regression length, the Moving Average Filter lookback, enabling of the re-entry and continuation entry signals as well as a date range filter for more specific and repeatable backtesting over different markets and timeframes. Risk Management is at the core of our system design principles and as such we set and limit the loss for every trade (which is also configurable as a parameter that defaults to $100/trade) and also trail the stop to both reduce risk and capture profit. The position size is calculated automatically and is volatility adjusted based on the initial stop. Finally, there is a custom dashboard which shows all the relevant details for the current trade at a glance on the chart such as entry, initial stop (size and price), current trailing stop level and P/L in units of R-multiples (’R’ being the initial risk on the trade).
Pine Script™ strategy
by JeffBoccaccio
1
The Systems Lab: PRX IndicatorThis PRX Indicator includes all the elements necessary to run the PRX Trading System or to incorporate any of its elements into your own analysis and we’ve made it available here for those that want to use the same tools that we use ourselves. The primary concept is the identification of trends by way of a customized PSAR (Parabolic Stop and Reverse) calculation that uses linear regression to reduce market noise and highlight trends for longer using a method pioneered by Dr Ken Long. This means that price can penetrate the PSAR dots without causing a trend reversal to occur (flipping the dots over to the opposing side) which would normally occur with the traditional PSAR idea. The intent is to help identify and stick with trends longer, adapt to changes in volatility by using linear regression as a noise filter and potentially capture large outlier moves. A linear regression curve is plotted as well in order to help identify when a change in trend will occur by it crossing the PSAR dots. In order to make the trend as clear as possible the bars can be colored as either up-trend or down-trend with user selectable colors. A moving average filter is also included as a longer term market condition filter in order to avoid periods when the market is against this average which is an inherent part of the system. Please note that we also have a PRX Strategy version available which includes everything in this indicator as well as all the system entry and exit orders which allows them to be displayed on the charts and backtested in different configurations to see how specific configurations of the system could have performed in the past.
Pine Script™ indicator
by JeffBoccaccio
7
STP PSAR V5PSAR V5: Automate your trading bots to automate your life! Welcome to the new revolution in trading bots! PSAR V5 is built to automatically change its indicator settings based on real-time market conditions without any human intervention. Instead of setting up 8-10 alerts for each pair, just setup 1 or 2 alerts. PSAR is our high-frequency scalper that is designed to take hundreds of trades a day and is the most profitable bot available from Swing Trade Pros. PSAR V5 uses multiple filters (SEE BELOW FOR FILTER DESCRIPTIONS) to reduce the risk of using PSAR by filtering out trades that could become stuck, and changes these filters based on real-time market conditions. Even with multiple filters to reduce risk, it is always important for users to manage their risk and accept the risks of running trading bots and strategies. PSAR V5 is our first fully automated trading bot, changing its own settings based on real-time market conditions. Ever notice how one setting doesn’t work in all market conditions? PSAR V5 solves this by using 4 different trend indicators to detect the trend of the market, and then uses predefined settings for 8 different trend conditions to automatically adjust as the market changes! This reduces risk and saves the user time. PSAR V5 isn’t just hands-off, set it and forget it for one market condition, PSAR V5 is set it and forget it for ALL market conditions!!! PSAR V5 is meant for the beginner user, making it easy to setup and easy to adjust with predefined default risk conditions for each market condition. PSAR V5 ADVANCED allows the user to finely tune each setting for every market condition, and is available for our advanced users in VIP . DETAILED DESCRIPTION OF FILTERS USED: PSAR TREND: To detect trend, PSAR V5 uses 4 high time frame PSAR filters to detect overall market conditions. By combining lower time frames such as 5 minute and 15 minute with higher time frame such as 4 hour and daily, PSAR trend detection allows for quick reactions during quick market changes while still adapting and staying on trend with overall market conditions using the higher time frames. This enables PSAR V5 to combine all 4 PSAR trend filters to determine the strength of the overall market while reacting to quick changes, providing 8 different customizable trend conditions which PSAR uses for settings and to trigger up to 8 different bots, allowing the user to risk on when trend is in their favor, and risk off when trend is not in their favor. PSAR V5 also shows NO TREND when there is indecision in the market when all time frames do not agree. DIVERGENCES: PSAR V5 uses an enhances version of our previous divergence filter to detect loss of strength in the market by detecting divergences in the Relative Strength Index and filtering out those trades. ADX: PSAR V5 uses the ADX filter to capture the strongest part of a move in price while avoiding the end of the price movement. This allows us to filter out late longs and shorts. PSAR DISTANCE: Our PSAR Distance filter will filter out any trades that get beyond a predefined distance from the PSAR indicator dots. This is very useful for avoiding tops and bottoms. REPAINTING: Significant code has been added to avoid repainting by making each high time frame calculation individually within its own time frame, and then using the bar merge method to eliminate repaints.
Pine Script™ indicator
by SwingTradePros
1
Strategy Myth-Busting #6 - PSAR+MA+SQZMOM+HVI - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our sixth one we are automating is " I Tested ''7% Profit Per Day" Scalping Strategy 100 Times ( Unexpected Results ) " from " TradeIQ " which claims to have made 175% profit on the 5 min chart of BTCUSD with a having a 61% win rate in just 32 days. Originally, we mimicked verbatim the indicators and settings TradeIQ was using however weren't getting promising results anything close to the claim so we decided to try and improve on it. We changed the static Parabolic SAR to be adaptive based upon the timeframe. We did this by using an adjustable multiplier for the PSAR Max. Also, In TradeIQ's revised version he substituted Hawkeye's Volume Indicator in lieu of Squeeze Momentum. We found that including both indicators we were getting better results so included them both. Feel free to experiment more. Would love to see how this could be improved on. This strategy uses a combination of 4 open-source public indicators: Parabolic Sar (built in) 10 in 1 MA's by hiimannshu Squeeze Momentum by lazybear HawkEYE Volume Indicator by lazybear Trading Rules 5m timeframe and above. We saw equally good results in the higher (3h - 4h) timeframes as well. Long Entry: Parabolic Sar shifts below price at last dot above and then previous bar needs to breach above that. Price action has to be below both MA's and 50MA needs to be above 200MA Squeeze Momentum needsd to be in green or close to going green HawkEYE Volume Indicator needs to be show a green bar on the histagram Short Entry: Parabolic Sar shifts above price at last dot below and then previous bar needs to breach below that. Price action needs to be above both MA's and 50MA needs to be below 200MA Squeeze Momentum needsd to be in red or close to going red HawkEYE Volume Indicator needs to be show a red bar on the histagram If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
Pine Script™ strategy
by myncrypto
3
Parabolic SAR Oscillator [LuxAlgo]This indicator is a detrended price series using the Parabolic Stop and Reverse (SAR) trailing stop, resulting in a bounded oscillator in the range (-100, 100). The SAR output is also normalized to obtain a noiseless oscillator which can complement the detrended price. Settings Start: Initial value of the convergence factor used when a new trend is detected by the SAR Increment: Increment value of the convergence factor Maximum: Maximum value of the convergence factor Usage The price is detrended by subtracting the closing price to the SAR, this result is then normalized. An up-trending market is indicated once the normalized SAR reaches -100, while a value of 100 indicates a down-trending market. One can anticipate trends when the normalized SAR crosses above/under 0. The converging nature of the SAR trailing stop allows for the trader to obtain a very apparent leading oscillator.
Pine Script™ indicator
by LuxAlgo
12
Adaptive Parabolic SAR (PSAR) [Loxx]Adaptive Parabolic SAR (PSAR) is an advanced Parabolic SAR with adaptive adjustments using either a Kaufman or an Ehlers smoothing algorithms. What is the Parabolic SAR? The parabolic SAR attempts to give traders an edge by highlighting the direction an asset is moving, as well as providing entry and exit points. In this article, we'll look at the basics of this indicator and show you how you can incorporate it into your trading strategy. We'll also look at some of the drawbacks of the indicator. The parabolic SAR is a technical indicator used to determine the price direction of an asset, as well as draw attention to when the price direction is changing. Sometimes known as the "stop and reversal system," the parabolic SAR was developed by J. Welles Wilder Jr., creator of the relative strength index (RSI).1 On a chart, the indicator appears as a series of dots placed either above or below the price bars. A dot below the price is deemed to be a bullish signal. Conversely, a dot above the price is used to illustrate that the bears are in control and that the momentum is likely to remain downward. When the dots flip, it indicates that a potential change in price direction is under way. For example, if the dots are above the price, when they flip below the price, it could signal a further rise in price. Additional Options Toggle signals on/off HiLo mode Kaufman adaptive, Ehlers adaptive, or non adaptive Filter by Pips Minimum Change by Pips Color bars Enjoy!
Pine Script™ indicator
by loxx
5
Parabolic SAR of KAMA [Loxx]Parabolic SAR of KAMA attempts to reduce noise and volatility from regular Parabolic SAR in order to derive more accurate trends. In addition, and to further reduce noise and enhance trend identification, PSAR of KAMA includes two calculations of efficiency ratio: 1) price change adjusted for the daily volatility; or, 2) Jurik Fractal Dimension Adaptive (explained below) What is PSAR? The parabolic SAR indicator, developed by J. Wells Wilder, is used by traders to determine trend direction and potential reversals in price. The indicator uses a trailing stop and reverse method called "SAR," or stop and reverse, to identify suitable exit and entry points. Traders also refer to the indicator as to the parabolic stop and reverse, parabolic SAR, or PSAR. What is KAMA? Developed by Perry Kaufman, Kaufman's Adaptive Moving Average (KAMA) is a moving average designed to account for market noise or volatility. KAMA will closely follow prices when the price swings are relatively small and the noise is low. KAMA will adjust when the price swings widen and follow prices from a greater distance. This trend-following indicator can be used to identify the overall trend, time turning points and filter price movements. What is the efficiency ratio? In statistical terms, the Efficiency Ratio tells us the fractal efficiency of price changes. ER fluctuates between 1 and 0, but these extremes are the exception, not the norm. ER would be 1 if prices moved up 10 consecutive periods or down 10 consecutive periods. ER would be zero if price is unchanged over the 10 periods. What is Jurik Fractal Dimension? There is a weak and a strong way to measure the random quality of a time series. The weak way is to use the random walk index (RWI). You can download it from the Omega web site. It makes the assumption that the market is moving randomly with an average distance D per move and proposes an amount the market should have changed over N bars of time. If the market has traveled less, then the action is considered random, otherwise it's considered trending. The problem with this method is that taking the average distance is valid for a Normal (Gaussian) distribution of price activity. However, price action is rarely Normal, with large price jumps occuring much more frequently than a Normal distribution would expect. Consequently, big jumps throw the RWI way off, producing invalid results. The strong way is to not make any assumption regarding the distribution of price changes and, instead, measure the fractal dimension of the time series. Fractal Dimension requires a lot of data to be accurate. If you are trading 30 minute bars, use a multi-chart where this indicator is running on 5 minute bars and you are trading on 30 minute bars. Conclusion from the combined efforts explained above: -PSAR is a tool that identifies trends -To reduce noise and identify trends during periods of low volatility, we calculate a PSAR on KAMA -To enhance noise and reduction and trend identification, we attempt to derive an efficiency ratio that is less reliant on a Normal (Gaussian) distribution of price Included: -Customization of all variables -Select from two different ER calculation styles -Multiple timeframe enabled
Pine Script™ indicator
by loxx
2
Parabolic SAR MARSI, Adaptive MACD [Loxx]Parabolic SAR MARSI, Adaptive MACD is a trend following indicator that combines MACD, Parabolic SAR, and RSI into a signal indicator. What is Parabolic SAR? The parabolic stop and reverse, more commonly known as the "Parabolic SAR," or "PSAR" is a trend-following indicator developed by J. Welles Wilder. It is displayed as a single parabolic line (or dots) underneath the price bars in an uptrend, and above the price bars in a downtrend. What is MACD? Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. What is RSI? The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, “New Concepts in Technical Trading Systems.” How to combine PSAR, MACD, and RSI into one: 1. Create a new type of moving average called MARSI. MARSI is like a typical moving average but it flexes to RSI sensitivities 2. Calculate MACD for the MARSI of High/Low values 3. Calculate the midpoint MACD between the High/Low MACDs created in step 2 4. Create a final MACD by calculating the MARSI for the midpoint MACD created in step 3 5. Finally, Inject these values into a customized Parabolic SAR function Results: -A unique spin on three different indicators that identifies trends of both RSI, MACD, and price of the underlying asset -Entry, exit, and reversal points in price, RSI, and MACD -A MACD that adapts to RSI What's Included? -Customization of all variables -A variety of moving averages to smooth the signal line -Customizable colors -Alerts for MACD zero-line and signal crosses, and PSAR trend direction changes Things to know: -The histogram in this indicator is NOT the normal histogram found in the classic MACD indicator. The histogram here is a histogram of MACD itself. The classic histogram has questionable utility but the histogram in this indicator is very important and useful -Parabolic SAR is calculated on the MARSI of High/Low values Future releases: -Divergences -Regular, continuation, and exit signals Happy trading!
Pine Script™ indicator
by loxx
3