SAR Color Alert Indicator The revised and new version that will bring you high profits
Best Solution for any Newbie or Expert Trader!
The SAR Color Alert indicator is a parabolic SAR indicator that displays a blue and red parabola (dot) on the chart.
The SAR Color Alert indicator is a variation of the popular Parabolic SAR indicator. The regular Parabolic SAR indicator, also known as the stop and reversal indicator, draws a parabola (point) below/above the price to indicate an uptrend and a downtrend respectively.
Is SAR a good indicator?
The Parabolic SAR indicator is commonly used in the financial market to track the current direction of the market and determine the end/beginning of a new trend. It is also used as a signal to enter or exit a trading position.
However, one of the disadvantages of the traditional Parabolic SAR is that it has one color for uptrend and downtrend signals, which can be awkward when used among other technical indicators.
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