loxx

Parabolic SAR MARSI, Adaptive MACD [Loxx]

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Parabolic SAR MARSI, Adaptive MACD is a trend following indicator that combines MACD , Parabolic SAR , and RSI into a signal indicator.

What is Parabolic SAR?
The parabolic stop and reverse , more commonly known as the "Parabolic SAR ," or "PSAR" is a trend-following indicator developed by J. Welles Wilder. It is displayed as a single parabolic line (or dots) underneath the price bars in an uptrend, and above the price bars in a downtrend.

What is MACD?
Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA .

What is RSI?
The relative strength index ( RSI ) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, “New Concepts in Technical Trading Systems.”

How to combine PSAR, MACD , and RSI into one:
1. Create a new type of moving average called MARSI. MARSI is like a typical moving average but it flexes to RSI sensitivities
2. Calculate MACD for the MARSI of High/Low values
3. Calculate the midpoint MACD between the High/Low MACDs created in step 2
4. Create a final MACD by calculating the MARSI for the midpoint MACD created in step 3
5. Finally, Inject these values into a customized Parabolic SAR function

Results:
-A unique spin on three different indicators that identifies trends of both RSI , MACD , and price of the underlying asset
-Entry, exit, and reversal points in price, RSI , and MACD
-A MACD that adapts to RSI

What's Included?
-Customization of all variables
-A variety of moving averages to smooth the signal line
-Customizable colors
-Alerts for MACD zero-line and signal crosses, and PSAR trend direction changes

Things to know:
-The histogram in this indicator is NOT the normal histogram found in the classic MACD indicator. The histogram here is a histogram of MACD itself. The classic histogram has questionable utility but the histogram in this indicator is very important and useful
-Parabolic SAR is calculated on the MARSI of High/Low values

Future releases:
-Divergences
-Regular, continuation, and exit signals

Happy trading!
Release Notes: Corrected an input labeling error
Release Notes: Corrected input groupings

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