SAR Trend Trader w/ Alerts By: jhanson107
This strategy utilizes Parabolic SAR (Stop and Reverse) along with EMA filtering to improve accuracy. Use the strategy to find optimal settings for the pair your are trading.
Long:
1. SAR below price action
2. Above slow EMA (Default 100 EMA)
3. Update trailing stop daily and exit trade once stopped out.
Short
1. SAR above price action
2. Below slow EMA (Default 100 EMA)
3. Update trailing stop daily and exit trade once stopped out.
White Bars = No trade zone which helps filter out bad trades compared to only using Parabolic SAR.
Long:
1. SAR below price action
2. Above slow EMA (Default 100 EMA)
3. Update trailing stop daily and exit trade once stopped out.
Short
1. SAR above price action
2. Below slow EMA (Default 100 EMA)
3. Update trailing stop daily and exit trade once stopped out.
White Bars = No trade zone which helps filter out bad trades compared to only using Parabolic SAR.
Versionsinformation:
-Update to from version 3 to version 4 pinescript.
-Added ability to toggle use of EMA filtering.
-Added ability to toggle use of EMA filtering.
Versionsinformation:
Added RSI Condition for shorts and cleaned up a few things.
Versionsinformation:
Clean redundant line of code.