A Continuous Parabolic SAR Variant Based on Averaged Highs and Lows

Summary

This short indicator description presents a simple continuous Parabolic SAR variant intended for different instruments and chart timeframes. Its main adjustable parameter is the period. The shown calculation loops through that period, adds each lookback’s highest high and lowest low after scaling by the period, and normalizes both resulting values to the instrument’s price precision. This produces averaged upper and lower price references as part of the indicator’s calculation.

The text says a standard Parabolic SAR is shown for comparison, but it does not explain the variant’s full nine-line calculation, how its values generate signals, or how it differs in practice from the conventional indicator. It supplies no charts, backtests, or performance results. The description is therefore a limited account of an indicator construction idea; it is insufficient to infer entry, exit, or risk rules without the full implementation and testing.

Key ideas

• The variant uses a configurable lookback period and is described for multiple instruments and timeframes.
• It averages the period’s successive highest highs and lowest lows into two price references.
• The resulting values are rounded to the instrument’s displayed precision.
• The document mentions a standard Parabolic SAR comparison but provides no trading-performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.