Parabolic SAR Analysis & Parabolic SAR Trading Signals
Created by J. Welles Wilder.
The Parabolic SAR is used to set trailing price stops. This indicator is usually referred to as the "SAR" (stop-and-reversal) and it is used to follow price action closely.
- In an Uptrend, the stop and reversal will trail below the market trading price
- In a downward trend, the stop and reversal will trail above market price
Analysis and Generating Trading Signals
This indicator provides excellent exit points.
Exit Trading Signal for Buy trade transactions
Traders should close long trades when the price falls below the technical indicator.
If you are trading long i.e. The trading price is above the stop and reversal, the SAR trading indicator will move up each day, regardless of the direction that price action is moving. The movement of technical indicator depends on number of pips that the prices move. When the Parabolic SAR trading indicator changes the direction then the price trend also changes to down. This generates the exit signal for long trades.
Exit Trade Signal for Sell trade transactions
Traders should close short trades when the price rises above the technical indicator.
If you are trading short i.e. The trading price is below the stop and reversal, the SAR will move down every day, regardless of the direction that price action is moving. The movement of technical indicator depends on number of pips that the prices move. When the Parabolic SAR indicator changes the direction then the price trend also changes to up. This generates the exit signal for short trades.
Exit Signal for Buy & Sell trades
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