The parabolic SAR is typically shown on the charts as a series of small 'dots' that are placed either above or below the price. When the price is trending to the upside, the dots are below the price action and when the price is trending to the downside, the dots are above the price action. It trails the price movement until the price move has finished and begins to reverse.
A BUY signal is generated when the Parabolic SAR moves from being above price to below price and likewise a SELL signal is generated when the Parabolic SAR moves from being below price to above price. The Parabolic SAR is designed to be used in trending markets, and can lead to many false signals in sideways or choppy markets. As such, we are using ADX (Average Directional Index) indicator to filter off signals generated during a ranging market.
Like any other indicators, Easy PSAR should not be used as a standalone indicator for making your trade decision but as a reference to spot potential trade opportunity.
Easy PSAR provides a comprehensive dashboard that allows you to view the BUY/SELL signals on many popular instruments and across multiple timeframes (M5, M15, M30, H1, H4, D1) at one glance. (Please note that M5 is only available for viewing as an optional in-app subscription) In this way, you do not miss out any trading opportunities even on the go.
Below are some of the key features of the app.
- Timely display of BUY/SELL signals from the parabolic SAR strategy on many popular instruments across multiple timeframes,
- Timely push notification alert when BUY/SELL signals are generated based on your favourite instruments on your watchlist,
- Display headline news of your favourite instruments
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