MQL5 Wizard Techniques you should know (Part 40): Parabolic SAR
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, 10-09-2024 at 03:50 PM (61 Views)
more...We stick to this format for this article, where we go over pattern by pattern for the parabolic SAR before concluding with a test run that combines multiple patterns as we did in the last articles. The parabolic SAR is computed almost independently with each new bar, since some of the parameters that go into its formula need to be adjusted, as we will see below. This trait, though, makes it very sensitive to price changes and trends in general, which in turn makes the case for its use within a custom signal class. For this article, we are going to explore 10 separate patterns of this indicator by testing each independently and then concluding, as in the recent articles, with a test run that combines a selection of these patterns.