Multi-Timeframe Parabolic SAR Trend Entries and Trailing Exits
Summary
This strategy combines Parabolic SAR readings from the chart timeframe and a user-selected higher timeframe. Its dual-confirmation mode enters when both readings indicate the same direction and the chart-timeframe SAR has just flipped. Alternative modes use only the chart timeframe or only the higher timeframe. The current-timeframe SAR is described as a trailing exit, while the code also closes positions when the higher-timeframe direction reverses if that timeframe is enabled.
The script requests higher-timeframe data without lookahead and offers adjustable SAR parameters and timeframe settings. The document explains the indicator logic and identifies lag, whipsaws in sideways markets, parameter sensitivity, gaps through stops, and conflicting timeframe signals as limitations. It offers no backtest statistics or empirical comparison to establish that the filters improve results; the strategy description's claims about precision should therefore be treated as unverified. Its code also uses display toggles to determine which entry and exit modes are active.
Key ideas
- The strategy compares current and higher timeframe Parabolic SAR signals to identify direction.
- Dual confirmation requires agreement across timeframes and a recent flip on the current timeframe.
- Users can choose current-timeframe-only or higher-timeframe-only entry modes.
- SAR reversals provide position exits, while lag and choppy conditions can produce missed moves and repeated false signals.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.