Parabolic SAR
Parabolic SARAccel Step - this is the step for Acceleration Factor (AF) and by default is set at 0.02.
Parabolic SAR (PAR) is composed of long and short trades. The first formula is used for long trades and the second, for short trades.
The value of PAR for the first day of the trade is set as the HH or LL value reached during the previous trade.
where:
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"AF" - acceleration factor set initially at 0.02 and increased by 0.02 each time the current session reaches a new
HH
or a new LL "PAR[-1]" - previous Parabolic SAR "HH" - the highest price recorded during the current long session "LL" - the lowest price recorded during the current short session |
From "Indicator Properties" you can change the settings for indicator:
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You can set the color of PAR points from "Point Color". The step for acceleration factor can be changed from "Accel Step".
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