High Low SAR Signals with ATR Bands and a Volume-Weighted Hull Average

Summary

This BTC/USDT chart indicator combines Parabolic SAR with volatility bands and a volume-weighted moving-average construction. It derives upper and lower reference levels from a 100-bar simple moving average and an average true range, using different Fibonacci multipliers and a second, lagged price series. A volume-weighted exponential average feeds a weighted Hull-style average, whose direction is plotted to show trend context. The SAR settings control its acceleration, while a separate lookback and multiplier define bands around SAR values.

The script marks a potential long when the prior SAR crosses above the lower SAR band while SAR is below one of the lower reference levels. Its short condition combines a downward SAR-band cross with SAR above an upper reference level and a declining Hull-style average. These conditions also trigger long or short strategy entries and alerts. Published backtest settings specify BTC/USDT on Binance over roughly one year, using four-hour bars and a 15-minute base period, but no performance results are provided. The title suggests a SAR strategy, yet the code implements a composite indicator with no explicit exits, position sizing, or reported validation.

Key ideas

• The indicator constructs reference levels from a 100-bar average price and average true range.
• A volume-weighted average feeds a weighted Hull-style average used to indicate direction.
• Long and short signals combine SAR crossings with price-level and moving-average conditions.
• The script defines alerts and directional entries but provides no explicit exit or position-sizing rules.
• The published backtest configuration gives a market and timeframe, but no performance evidence.

Tags

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