Created
September 19, 2015 06:28
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Parabolic SAR
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study(title="Parabolic SAR", shorttitle="P-SAR", overlay=true) | |
start = input(2, minval=0, maxval=10, title="Start - Default = 2 - Multiplied by .01") | |
increment = input(2, minval=0, maxval=10, title="Step Setting (Sensitivity) - Default = 2 - Multiplied by .01" ) | |
maximum = input(2, minval=1, maxval=10, title="Maximum Step (Sensitivity) - Default = 2 - Multiplied by .10") | |
sus = input(true, "Show Up Trending Parabolic Sar") | |
sds = input(true, "Show Down Trending Parabolic Sar") | |
disc = input(false, title="Start and Step settings are *.01 so 2 = .02 etc, Maximum Step is *.10 so 2 = .2") | |
//"------Step Setting Definition------" | |
//"A higher step moves SAR closer to the price action, which makes a reversal more likely." | |
//"The indicator will reverse too often if the step is set too high." | |
//"------Maximum Step Definition-----") | |
//"The sensitivity of the indicator can also be adjusted using the Maximum Step." | |
//"While the Maximum Step can influence sensitivity, the Step carries more weight" | |
//"because it sets the incremental rate-of-increase as the trend develops" | |
startCalc = start * .01 | |
incrementCalc = increment * .01 | |
maximumCalc = maximum * .10 | |
sarUp = sar(startCalc, incrementCalc, maximumCalc) | |
sarDown = sar(startCalc, incrementCalc, maximumCalc) | |
colUp = close >= sarDown ? lime : na | |
colDown = close <= sarUp ? red : na | |
plot(sus and sarUp ? sarUp : na, title="Up Trending SAR", style=circles, linewidth=4,color=colUp) | |
plot(sds and sarDown ? sarDown : na, title="Up Trending SAR", style=circles, linewidth=4,color=colDown) |
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