Multi-Timeframe Parabolic SAR Indicator with Trend Markers

Summary

This indicator calculates Parabolic SAR using a timeframe selected by the user, allowing its signals to be viewed on a chart running at another timeframe. When a new bar forms on the calculation timeframe, the indicator draws prominent colored dots; a line represents trend continuation. The description focuses on how the indicator displays higher-timeframe SAR information, rather than specifying entry, exit, or position-sizing rules.

The publication explains that the built-in iSAR values did not match those from a custom Parabolic SAR implementation available in the terminal’s examples folder. It therefore describes two variants, one using the built-in technical indicator and one drawing data from the custom version. No comparison results, trading performance, or recommended settings are provided. Users should account for the chosen data source and verify its values in their platform before relying on the plotted signals; the indicator itself does not establish that a trend signal is profitable.

Key ideas

• The indicator computes Parabolic SAR on a user-selected timeframe.
• New bars on that timeframe trigger colored dots, while a line marks trend continuation.
• Two variants use either the built-in SAR indicator or a custom SAR implementation.
• The publication reports that the two sources produced mismatched values at the time.
• No settings guidance or trading performance evidence is included.

Tags

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