Parabolic SAR (PSAR) Arrow Alert Indicator (MT4 and MT5)

• Version
• Download 1021
• File Size 34.28 KB
• File Count 1
• Create Date September 30, 2019
• Last Updated February 27, 2025

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Parabolic SAR (PSAR) Arrow Alert Indicator (MT4 and MT5)

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This indicator will generate an arrow alert whenever the current candle closes above or below the Parabolic SAR line. A potential up-trend signal when the current candle crosses and closes above the parabolic sar line and a potential down-trend signal when the current candle crosses and closes below the parabolic sar line. This Parabolic SAR indicator is set to 'Step = 0.001' by default, however should you wish to use the MT4 default Parabolic SAR Step settings of 'Step = 0.02' then you can change this in the indicator settings.

This indicator should only be used with or as part of a reliable, consistent working strategy that requires the use of the Parabolic SAR Indicator.

Notes and recommendations: Works well with trending markets. Avoid using during 15-20 minutes before and after medium/high impact news and opening hour of major market sessions. Should only be used with a reliable strategy, proper market analysis and added confirmations to suggest high probability win trade. Take caution during NFP (Non-farm payroll) week, try to avoid trading during NFP week.

Arrow Style Types Table: (Go to Arrow Styles Types page for more details and instructions)

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