Difference between revisions of "Parabolic LE"
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| − | This signal generates a long entry only. Use [[ | + | This signal generates a long entry only. Use [[Parabolic SE]] for entering a short position. |
== Default Inputs == | == Default Inputs == | ||
Latest revision as of 15:22, 8 October 2021
Parabolic LE places a long entry Stop order on the next bar at the value of the parabolic using the acceleration factor of .02. when the the high of this bar is less than or equal to the parabolic value.
Parabolic SAR determines stop and reverse (SAR) points and may be used to define when the position should be reversed and a trade in the opposite direction should be taken. During the calculation, the parabolic curve crosses over and under the price. When the parabolic curve goes below the current prices the market is considered bullish, and when the curve crosses above the current prices, it may indicate a down trend.
This signal generates a long entry only. Use Parabolic SE for entering a short position.
Default Inputs
AfStep (.02) - acceleration factor for calculation of the parabolic SAR.
AfLimit (.2) - Limitation of acceleration factor.
