Parabolic SAR (PSAR)Submitted by admin on February 23, 2008 - 13:36. |
This PSAR indicator cannot to wearing alone, and how to read psar? In general this indicator using for determine trend which happened and determine changging of the trend.
This indicator better in using for timeframe which is slow for example H1, H4, D1 or W1. Usage of PSAR can using concurrent with MACD or MA or even ADX. Related indicators can be find on the tutorial section of this website.
There is 2 ways to read PSAR.
First. Detect trend changging.
If dot of PSAR to touching hence change of trend whereas or on a long term will happened. PSAR which touch will make dot of PSAR change to dot of topmost price and most under last since previous trend. For example PSAR D1 located in price 1.9877 and price now [in] 1.9850 then with strong uptrend now better buy open / buy stop at 1.9877. On the contrary for the open of sell / sell stop. See in picture.
Second. To read the trend happening.
After dot of PSAR hit and change its situation hence at that moment happened change of trend. PSAR below/under price hence can telling if that uptrend, on the contrary PSAR above price hence mentioning downtrend. See in picture.
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