Forex Pro Sar MT4 Indicator:
About the Forex Pro Sar MT4 Indicator
Displayed in a separate indicator window to easily identify where the price is heading.
The algorithm used in this indicator combines input from the Parabolic Sar (PSar) and Volumes.
Great in combination with SR Channel.
This indicator can be used on all time frames and pairs.
Recommended for H1 and above.
Features alert function.
Parameter MAPeriod for the trend line. Change to your preference.
How to use:
Simply attach to any chart with default settings.
Sell on Red Arrow, Red Line, and Yellow MA line crosses above Red line.
Buy on Blue Arrow, Blue Line, and Aqua MA line crosses below Blue line.
Best results when taking higher time frames into consideration before entering trades.
Hint: Wait for price to reach upper (sell) or lower (buy) extreme of indicator window on current and higher time frames, before entering your trades, or use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
- Please do not use this indicator haphazardly. Make sure it compliments your strategy.
- Don’t risk money you cannot afford to lose.
- You use this indicator at your own risk. Please apply money management wisely.
- Always test your strategy on a demo account before using a new indicator on a live account.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)