QuantNomad

Parabolic SAR Strategy (on close) [QuantNomad]

Created a Parabolic SAR strategy where price has to close under/above the level before for it to reverse. This way it should be a bit more stable and protect you from false breakouts.
It was impossible to adjust the built-in "sar" function so I implemented PSAR from scratch. So if you're interested in how it's work inside you can check the code and probably adjust to your need if you have a custom modification of PSAR in your mind.
Release Notes: Added "Entry on Nth trend bar" parameter. Now you can specify on which trends bar do you want to reverse position. That can help you to filter out noice and skip 1-2 bars trends.
Ta bort från favoritskript Lägg till som favoritskript
Courses:
PineScript Programming: https://qntly.com/pinepro
TradingView Essential: https://qntly.com/tve

Access to Pro Indic.: https://qntly.com/proind

YouTube: https://qntly.com/youtube
Discord: https://qntly.com/discord
Telegram: https://qntly.com/tel

Kommentarer

Is there anyway to make a ray line come out at that arrow point so that they are easier to see?
Svara
QuantNomad PivitolAve
@PivitolAve, by arrow point you mean entry price for trades?
Svara
PivitolAve QuantNomad
@QuantNomad, yup. :)
Svara
QuantNomad PivitolAve
@PivitolAve, You can manually record open price based on signal and plot them as a line.
Svara
PivitolAve QuantNomad
@QuantNomad, That's how I've been doing it. Sounds good. Great indicator. It's great on the higher TFs.
Svara
Hi @QuantNomad , thanks for sharing this. I have been manually looking at PSAR as an indicator for awhile now and came across your strategy here. I'm thinking of ways to reduce the noise of the entry/exit triggers and am wondering if having a long/short entry only if the PSAR has had 3 consecutive plots in the same direction (i.e. 3 green or 3 red) would work. What do you think? I'm keen to test it out but not sure how to edit your existing script to reflect this amendment. Can you advise? Many thanks in advance
Svara
QuantNomad yeojingcheng
@yeojingcheng, hm well it might work. I will take a look when will have some free time.
you can try something like this:

strategy.entry("Long", true, when = trend_dir == 1 and trend_dir == 1 and trend_dir == 1)
strategy.entry("Short", false, when = trend_dir == -1 and trend_dir == -1 and trend_dir == -1)
Svara
Hi, first of all thanks for sharing with us plebs your script. I have a question as to recognize where exactly the longs or shorts are closed. Because with the small arrows it is not clear, at least for me. I look forward to hear from you.
Svara
QuantNomad giacomo.ferrari15
@giacomo.ferrari15, order is executed on close of the bar which broke PSAR. By default orders are filled on open of the next bar.
Svara
hmmm study based on this gives a repaint warning, any reason for that?
Svara
Hem Aktie-screener Forex-screener Krypto-screener Ekonomisk kalender Hur det fungerar Diagramfunktioner Priser Tipsa en vän Ordningsregler Hjälpcenter Webbsidor och mäklarlösningar Widgets Diagramlösningar Lightweight Charting Library Blogg och nyheter Twitter
Profil Profilinställningar Konto och fakturering Hänvisade vänner Mynt Mina kölappar Hjälpcenter Publicerade idéer Följare Följer Privata meddelanden Chatt Logga ut