Parabolic SE

Parabolic SE places a short entry Stop order on the next bar at the value of the parabolic using the acceleration factor of .02. when the the low of this bar is greater 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 short entry only. Use Parabolic LE for entering a long position.

Default Inputs

AfStep (.02) - acceleration factor for calculation of the parabolic SAR.

AfLimit (.2) - Limitation of acceleration factor.