Parabolic SAR Indicator with Position-Reversal Alerts

Summary

This short description presents a modified display of the Parabolic Stop and Reverse indicator in a separate chart window. Its additional function checks whether the charted instrument has an open position and issues an alert when the SAR signal moves against that position. The intended use is to help traders who follow SAR as a trailing stop-loss notice when the indicator may be signaling a change against their trade.

The description explains the indicator’s alert behavior but gives no entry or exit rules, settings, implementation details, or examples. It also provides no performance evidence. A signal moving against a position is not itself proof that a stop should be triggered, and the text does not explain how alerts interact with actual orders or how the indicator behaves in different market conditions.

Key ideas

• The indicator displays Parabolic SAR in a separate chart window.
• It checks for an open position on the charted instrument.
• It alerts when the SAR moves against that position.
• The alert is intended to support traders using SAR as a moving stop-loss.
• The description provides no settings, trading results, or guidance for handling alerts.

Tags

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