PSAR Scanner Dashboard for MT4:
(Multi-timeframe and Multi-currency)
Parabolic SAR (Cease and Launch) Indicator is especially for analyzing the trending markets.
And this dashboard will search for the swap and in addition different methods.
Options:
Scan for PSAR Swap Present what number of bars again the swap occurred Examine ADX line is between min and max vary specified Examine -DI > +DI for SELL And +DI > -DI for BUY Examine Increased Timeframe PSAR Alignment Examine if Shifting Averages are stacked in an up/down development
Settings:
Frequent Scanner Settings:
Abiroid Scanner Dashboard Frequent Settings
Scanner Particular Settings:
PSAR Settings:
Step and Max will calculate the P-SAR values. And scanner will present what number of bars again a swap had occurred.
Word: All different situations will solely be matched in course of ongoing PSAR. If course will not be aligned, then image might be gray.
When the swap occurs, it’ll present that bar quantity in brackets. So, you’ll be able to see what number of bars again, the final swap occurred.
ADX Settings:
The first image which is a small dot exhibits ADX.
Inexperienced dot: exhibits all ADX situations match for Up Pattern. Whereas Purple dot exhibits a match for Down Pattern
Gray implies that ADX will not be aligned in course of present PSAR.
Situation 1: ADX is between Min and Max Degree values.
Situation 2: For BUY: +DI > -DI and For SELL: -DI > +DI
Shifting Common Stack Settings:
You possibly can specify MA interval separated by commas.
You should use this free indicator to identify MA Stacks:
https://www.mql5.com/en/market/product/69539
If Sooner MA (smallest interval) is above slower MAs and all MAs are stacked on this approach, then it signifies an Up Pattern.
The circle formed like a doughnut 🙂
It signifies if MA Pattern is aligned with PSAR course. Gray signifies that alignment has not but occurred.
Word: If PSAR is in an up development, and MA is in a down development, even then MA image might be gray. And never crimson.
That is to keep away from confusion that too many alternative shade symbols will carry.
Increased Timeframe PSAR Align Settings:
You possibly can specify variety of HTF to verify. Suppose present TF is M15 and num is 2.
Then it’ll verify of M30 and H1 each have PSAR aligned in similar course.
If alignment is there, then the slanting arrow might be proven in that course.
Or else it will likely be gray.
Finest Means To Use:
Default settings generally is a bit restrictive, as a result of ADX ranges are set at a really small hole 20-25.
That is good for stronger alerts. However for fast scalping, you should utilize a much bigger ADX degree hole like 20-30
This can give extra alerts. Ensure that to solely commerce in course of upper ongoing traits.
Methods:
https://abiroid.com/defined/psar-explained-with-strategies
Changelog:
v1.0 Base model
v1.1 Added Gray Arrows for HTF PSAR not but aligned
For consistency the HTF arrows won’t be hidden
